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Council tables resolution approving year-end fund transfers for further review
Summary
A proposal to adopt year-end transfers for fiscal year ending 12/31/2025, including a $3,288,000 movement from the general fund, was tabled after council members requested additional detail and time to review the draft audit back-up.
Council considered a resolution to adopt year-end transfers tied to 2025 audit presentation entries. Councilor Bach Schneider noted the resolution transfers "that 3,288,000 from the general fund," and asked whether the transfers had already taken place or required council approval. Auditors and staff explained the transfers were recorded in the 2025 books for presentation but are not final until council approval.
After limited support to adopt the resolution immediately, a motion was made to table item 5.2 until the next council meeting so members could examine the draft audit and supporting schedules. The motion to table carried and the item will return for action after staff supplies the requested documentation.
Council directed staff to provide the detailed line-item backup showing the composition and timing of the transfers so members can determine whether they should be ratified or adjusted.
