Authority reallocates funds to complete 'well #10' redevelopment
Directors approved transfers to move prior-year and CNR funds into a well-redevelopment account to finish one more well this year, with staff saying in-house crews will install water main connections to save cost; an updated budget packet will be circulated after corrections.
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The board approved internal fund transfers to support one additional well-redevelopment project, referred to in the meeting as "well number 10." Director Joseph Fizzino explained the packet contained transfers from depreciation and an older CNR balance to consolidate funds for the well work. "So between what we had in the line and this additional money, 25 and 15, we're looking to get another well complete this year," Fizzino said, describing the combined source of funds.
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