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Rangely council approves preliminary December 2024 financial summary, manager notes large transfer to water/wastewater
Summary
The council approved the preliminary December 2024 financial summary after the manager reported a large transfer to water and wastewater funds tied to a capital project; the manager said overall budget performance was acceptable and they expect to remain in budget for the year.
The council voted to approve the preliminary December 2024 financial summary after the town manager described a large transfer to the water and wastewater funds to cover a capital project. The manager said the town otherwise came in close to budget and expressed confidence that the town could remain within budget for the year.
"So this is an audited...I did make a transfer to water and wastewater, a large amount of water because the capital project was a little bit more fit," the manager said, describing the adjustment and noting uncertainty about final revenue this year. Councilmember Kyle moved to approve the summary and Robbie seconded; the motion carried.
Council did not identify any additional adjustments at the meeting; the manager said staff will continue to monitor revenue and spending and report back as needed.
