Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Capital Budget topic
No spam. Unsubscribe anytime.
Lucas council previews capital priorities; water reserves and new tower highlighted
Summary
CIP Manager Patrick Hubbard told the Lucas City Council that the city’s water fund and general fund have excess reserves ($4,117,598 and $2,569,374 respectively) and reviewed major capital priorities including the newly operational water tower and AMI metering.
Patrick Hubbard, the city’s CIP manager, opened the council’s capital budget review by framing the city’s two primary funding “baskets” — the water fund and the general fund — and the projects they can support. “The amount of that is $2,569,374,” he said when describing the general fund excess reserves, and later reported that the water fund’s current excess reserves are “$4,117,598.”
Hubbard walked council through projects already underway and planned: the new Lucas Road water tower that is now operational, ongoing advanced metering infrastructure (AMI) installation, and a set of prioritized water and general-fund capital projects. He said the water-tower project had a projected budget of approximately $5.34 million and expenditures to date of $4,243,517, funded through a combination of ARPA, bonds, restricted reserves and impact fees.
Why it matters: Hubbard warned that the water and general funds are separate enterprises that should not be commingled, and the presentation set priorities staff expects to bring into the upcoming budget workshops. Council members pressed for information about lease opportunities for tower antennas and how new projects align with pending studies and road projects.
What’s next: Staff will provide the council the full presentation packet and carry the priorities into the budget workshop process.
