Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Bennet council approves interaccount transfers totaling at least $143,000
Summary
Council approved a set of interaccount transfers including $143,000 moved from a Sewer Bond account to an NPAIT debt service subaccount, movement of Park Fund savings to NPAIT general fund, and matured CD proceeds moved into NPAIT water and sewer subaccounts.
Councilman Jesse Schmidt outlined several suggested fund transfers and the council approved them by vote on Jan. 19. The council directed moving $143,000 from the Sewer Bond account to the NPAIT Debt Service subaccount, transferring the Park Fund Savings into the NPAIT general fund, and moving proceeds from two matured CDs (Water Sinking Fund and Sewer Sinking Fund) at Union Bank & Trust into NPAIT Water and Sewer subaccounts.
The motion to approve the transfers was moved by Dan Zieg and seconded by Jesse Schmidt; roll call recorded Buck, Schmidt, Simmons and Zieg as voting YES. The minutes do not list exact resulting balances after transfers; staff will perform the transfers through the listed bank accounts.
