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Village approves water-fund transfers to clear negative lines and fund equipment
Summary
Officials approved multiple transfers within the water fund to cover negative accounts and move money into purification, transmission distribution personal services, equipment and retirement/insurance accounts; motion carried by voice vote.
The Chair reported a positive year for the water fund and proposed a series of transfers to correct negative balances and to finance equipment and retirement/insurance obligations. The Chair listed several adjustments, including moving funds from administration personal services to purification personal services and reallocations within transmission distribution for CE, equipment and personal services.
The board moved and approved the water-fund transfers; the Chair noted the changes should reconcile the water fund accounts and allow planned equipment work to proceed. No individual vendor or project schedule was specified on the record.
