Transcript
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[0:00]
I turned it on earlier. You can hear, right? All right.
[0:10]
Okay. Should we get started?
[0:36]
Welcome to our meeting this evening. This will be the Enterprise Fund hearing.
[0:44]
And I
[0:49]
guess
[0:49]
we don't need to do all the official opening stuff on this one. Let me do for our time,
[0:53]
maybe a
[0:59]
prayer.
[1:02]
Oh, I don't know. I was like, okay. So present from the town council, we
[1:09]
Brian Bat, Joshua Whitaker, and Tim White. So we do have a quorum. And let's get into it.
[1:17]
Can you hear Josh?
[1:23]
There we go.
[1:28]
Okay,
[1:32]
so the purpose of this hearing is going to be to transfer money from our capital projects fund to our water fund and from the
[1:42]
electric fund to the water fund. So currently we need to transfer $37,234 from
[1:49]
capital projects that was originally meant for water projects back in and it
[1:57]
will be a says here 100% of expenditures from capital projects fund.
[2:01]
Pull
[2:09]
it from water, put it to capital projects, and now we're taking it back out.
[2:12]
Yeah, back in 2011 or something, they put it in for, like, I think it was something at the down.
[2:19]
Like, they were doing water stuff at the down.
[2:22]
And so, I figure it's still for water.
[2:25]
It's just for the wells.
[2:26]
So, it's basically a savings account. We're just putting it into a water account.
[2:32]
Okay, so, do we need to?
[2:36]
Just for public comment, then we'll vote on it.
[2:42]
Okay.
[2:42]
The second item is to transfer $25,000 from the electric fund to the water fund.
[2:48]
It says the electric fund currently holds excess operational revenue.
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The water fund requires immediate resources to cover essential system maintenance.
[2:57]
And this is necessary operating capital to keep the water system stable for necessary equipment
[3:03]
to maintenance purchases and the transfer is being made to cover costs that are not associated
[3:08]
with the operations or administrative overhead of the electric fund. However, this is a loan.
[3:17]
Oh no, this one isn't the one. Then it says this transfer is 3.7% of the total $678,000
[3:26]
of expenditures from the electric fund. So it's a small bit and we're putting it in there just
[3:33]
get the water fun just right so we have money to pay bills.
[3:39]
Any questions or
[3:40]
comments on that? I mean so early just to listen to that.
[3:48]
That's
[3:53]
it and now we wait for seven more minutes until we start the next meeting.
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And now you can hit the pause button on that or hit range that goes to the next one and then pause it once.