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Board reallocates CHIPS and capital funds for street reconstruction and equipment
Summary
The board approved a $31,240.65 transfer from State Aid CHIPS into permanent-improvement accounts and approved multiple capital transfers including reconstruction streets, police equipment, water-main improvements and pump house allocations.
The Chair described additional capital transfers, including moving $31,240.65 from the State Aid CHIPS account into a permanent-improvement account to support reconstruction and equipment needs. The Chair and a Committee member discussed the proper object-code classification (CE vs. equipment) before adding the CHIPS transfer to the motion and carrying it.
Separately, the board approved transfers of $15,000 into the Reconstruction Streets Capital Fund, $2,750 to police equipment, $12,000 to water-main improvements, and $4,500 totaling several departmental reallocations to fund a pump-house project. The board moved and approved the transfers as presented.
Members requested accurate object-code coding in the ledger; the Chair said the transfers should wipe out identified shortfalls and increase capital reserves as intended.
