Plevna to transfer funds from water, sewer and garbage to R&D accounts
Summary
Council reviewed planned transfers into an R&D fund—$8,553.95 from water (15%), $3,978.31 from sewer (10%), and $3,207.71 from garbage (10%)—to be reflected in FY24/25 budget line items.
During the budget presentation, staff disclosed planned transfers from enterprise funds into an R&D account to support capital or planning expenses. The transfers reported were 15% from the water fund ($8,553.95), 10% from the sewer fund ($3,978.31), and 10% from the garbage fund ($3,207.71); these amounts will be shown in the budget line items for FY24/25.
Clerk/Treasurer Ashley Martin explained the shifts are standard accounting moves intended to earmark funds for research and development or specific projects. The council recorded these planned transfers as part of the budget approval process.
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