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Council approves $48,000 finance adjustment to cover interim insurance invoices
Summary
Council approved Resolution 21-2026 to decrease contingency and increase expenditures by $48,000 to pay an interim CIS insurance invoice and add recently acquired equipment to coverage, including an estimated $3,000 addition for a drone.
Finance staff told the council an interim invoice from CIS for liability and vehicle insurance required an appropriation shift. The city had a shortfall and requested an additional $45,000 plus an estimated $3,000 to add recently purchased equipment (including a drone) to the policy, for a total of $48,000.
"I was $45,000 short," the finance presenter said, explaining the request to decrease contingency and increase materials-and-services appropriations for the 2026-27 fiscal year. Council moved and unanimously approved Resolution 21-2026 to make the transfers; staff said the cost would be divided proportionately among departmental funds.
Staff also described that CIS changed interim-invoice practices: if the city adds an asset prior to Sept. 30, an interim invoice will be issued. The council approved the adjustment so staff can pay the current invoice and add the drone and other assets to coverage.
