Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Transfers topic
No spam. Unsubscribe anytime.
Tea City Council approves $1.3 million in year-end cash and contingency transfers
Summary
Council approved multiple 2025 year-end transfers including a $285,363.70 transfer from Gateway Blvd Capital Project Fund and an $804,847.49 transfer from Hagedorn Infrastructure Capital Project Fund; total transfers across listed funds exceed $1.25 million.
The Tea City Council approved a package of 2025 year-end cash and contingency transfers by MOTION 26-32 (moved by Aaron Otten, seconded by James Erck) at the March 2 meeting. Transfers recorded in the minutes include: a $29,000 loan from General Fund 101 to TIF #3 Fund 224; $108,000 from General Fund 101 to Street Maintenance Fund 221; $31,000 from General Fund 101 to HWY 111 Special Assessment Fund 308; $285,363.70 from Gateway Blvd Capital Project Fund to General Fund 101; $804,847.49 from Hagedorn Infrastructure Capital Project Fund 518 to 2nd Penny Sales Tax Fund 212; and $21,000 from Contingency Account 4115 to Transfers Out Account 5110. All members voted AYE.
The minutes record dollar amounts and source/destination funds but do not include additional narrative or staff presentations about the rationale for each transfer in the meeting minutes. The transfers move significant one-time capital balances into operating and other capital funds as noted in the recorded fund names and amounts.
