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Committee questions $452,000 capital carryover and $490,000 Adams Street commitment
Summary
Members asked whether the roughly $452,000 in unexpended capital funds and a prior $490,000 commitment for the Adams Street housing project had been paid or remain on paper; staff said the account showed savings and would verify receipts and expenditures.
A committee member raised capital carryovers, noting roughly $452,000 remained unexpended and asking whether previously discussed commitments — including about $490,000 tied to an Adams Street housing project of roughly 35 units — had been paid out or were only recorded on paper. The member said project updates had indicated the developer might undershoot the need for the $490,000 support and asked whether the city had actually received or released those funds.
The finance director replied that there had been savings in the account and that staff needed to check whether money had been received or expended; the director agreed to follow up. The Chair also asked about a capital item for police interview-room camera upgrades and the director said those purchases had been held pending audit completion.
