Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Council accepts financial report after withdrawn motion to move $15,417 into water account
Summary
President Ciotti withdrew a proposal to open a dedicated water account using $15,417 in year-end excess; Cllr Deaderick warned municipal utilities should be run as enterprise funds. The council instead approved the financial report unanimously.
President Ciotti withdrew a motion to open a new water account funded with $15,417 in excess fiscal-year money and instead moved to accept the town’s financial report, a motion the council approved unanimously.
Cllr Deaderick objected to using general-year excess funds for water repairs and urged that utility finances be handled through enterprise funds that are self-sustaining. He said, “Typical government municipal utilities are done through enterprise funds. They are designed to be self-sustaining.” Cllr Mullikin also noted concerns about an “18.5%” figure mentioned in budget discussions.
The transcript records that President Ciotti rescinded his earlier motion about the water account before the formal vote. The council took no further action on creating a separate water account during this meeting.
