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Council splits on whether marina surplus should go to capital or shore general fund
Summary
Finance staff recommended transferring marina profits above operational expenses annually to the marina capital fund; council members debated retaining the funds in the general fund to build reserves or moving them to capital. Council agreed to evaluate on a year-by-year basis for 2026.
Finance staff opened a discussion of budget "philosophical questions," noting marina revenues now sit in the general fund and that a current estimate of marina net revenue is about $143,000. Staff recommended transferring any marina revenues that exceed marina expenses into the marina capital fund annually to cover routine capital needs (rental-boat replacements, crane rentals, dock repairs).
Council was split. One councilmember argued the general fund needs protection and preferred leaving the revenues there to build reserves, while others said capital needs at the marina justify a transfer so the marina can fund its own assets more easily. Carrie's suggestion to decide year by year for 2026 received majority support: "What do you all think of Rachel's suggestion of actually looking at it year by year?" a councilmember asked; the group agreed to adopt the year-by-year approach for this year.
