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Town Board moves $150,000 into money market, creates $75,000 restricted water reserve
Summary
On March 23 the Town of Campbell Board approved moving $150,000 from fund balance into a money market account and establishing a $75,000 restricted fund for Water District 1 emergencies; the motion passed 4-0.
The Town of Campbell Board voted March 23 to transfer $150,000 from the town’s fund balance into a money market account and to set aside $75,000 from fund balance as a restricted fund for Water District 1 emergency use.
The motion was made by Councilperson Michael Austin and seconded by Councilperson Kyle Peterson; the roll-call vote was 4–0 in favor (Supervisor Norman Maynard, Councilpersons Michael Austin, Kyle Peterson and Glenn Vogel voting aye; Les Smith absent). The transfer was adopted as part of the board’s capital plan actions for the March 23 special meeting.
