Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Council approves $1.5 million interfund transfer to reimburse and close capital projects
Summary
Council adopted an ordinance transferring $1,503,293.43 from the general fund to the capital fund to reimburse and close various capital projects; the transfer was carried by voice vote and recorded as carried 5-0.
The City Comptroller asked the council to adopt an ordinance transferring $1,503,293.43 from the general fund to the capital fund to reimburse the city's capital accounts and close multiple projects. Council members approved the ordinance by motion and recorded the action as carried 5-0.
During the agenda discussion a council member stated the amount is "well over 1,000,000 dollars," and the comptroller confirmed the precise figure as "$1,503,293.43." The ordinance authorizes an interfund transfer and specifies that reimbursements will close various capital projects in the 2025–2026 budget; the transcript does not list each closed project by name in detail.
