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Council approves interfund sewer transfers in Resolution 2026-02
Summary
Resolution 2026-02 sets monthly interfund transfers for sewer funds beginning July 2026: $5,000 per month to the sinking fund and $1,500 per month to the sewer depreciation fund. The council approved the resolution on a voice vote.
The New Chicago Town Council approved Resolution 2026-02, amending an earlier resolution to set fixed monthly interfund transfers for sewer funds. The resolution directs the sewer operations & maintenance fund to contribute $5,000 per month to the sinking fund and $1,500 per month to the sewer depreciation fund starting in July 2026.
Council members discussed that the change accompanies notification about an expected sewer rate increase from a sanitation provider (Barry Sanitation); the motion to approve the resolution was made, seconded and carried on a voice vote. No roll-call tally was recorded in the transcript. The council stated that the agenda materials included the amendment language and that a copy was distributed to members prior to the vote.
The resolution was presented as an administrative funding change to maintain depreciation and sinking reserves for sewer infrastructure; staff indicated the transfers align with rate adjustments under review.
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