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Bennet council approves internal fund transfers including $143,000 sewer bond move
Summary
Council approved a package of internal account transfers: $143,000 moved from the Sewer Bond to an NPAIT Debt Service Subaccount, Park Fund Savings shifted to the NPAIT general fund, and two matured CDs from Dec. 29, 2025 were moved into NPAIT water and sewer subaccounts.
Council considered city account balances and approved a series of transfers at the Jan. 19 meeting. The council approved moving $143,000 from the Sewer Bond to an NPAIT Debt Service Subaccount, transferring the entire Park Fund Savings Account into the NPAIT general fund, and moving funds from two CDs that matured Dec. 29, 2025 (Water Sinking Fund and Sewer Sinking Fund at Union Bank & Trust) into NPAIT Water and Sewer Subaccounts. The motion was moved by Dan Zieg and seconded by Jesse Schmidt; the roll call vote was YES: Buck, Schmidt, Simmons, Zieg.
Councilmembers reviewed account names and balances as presented by Jesse Schmidt; the minutes do not include additional details such as resulting subaccount balances or implications for operating budgets. The transfers were approved as presented in the meeting record.
