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I turned it on earlier. You can hear, right? All right.

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Okay. Should we get started?

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Welcome to our meeting this evening. This will be the Enterprise Fund hearing.

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And I

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guess

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we don't need to do all the official opening stuff on this one. Let me do for our time,

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maybe a

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prayer.

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Oh, I don't know. I was like, okay. So present from the town council, we

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Brian Bat, Joshua Whitaker, and Tim White. So we do have a quorum. And let's get into it.

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Can you hear Josh?

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There we go.

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Okay,

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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

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electric fund to the water fund. So currently we need to transfer $37,234 from

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capital projects that was originally meant for water projects back in and it

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will be a says here 100% of expenditures from capital projects fund.

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Pull

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it from water, put it to capital projects, and now we're taking it back out.

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Yeah, back in 2011 or something, they put it in for, like, I think it was something at the down.

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Like, they were doing water stuff at the down.

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And so, I figure it's still for water.

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It's just for the wells.

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So, it's basically a savings account. We're just putting it into a water account.

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Okay, so, do we need to?

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Just for public comment, then we'll vote on it.

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Okay.

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The second item is to transfer $25,000 from the electric fund to the water fund.

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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.

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And this is necessary operating capital to keep the water system stable for necessary equipment

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to maintenance purchases and the transfer is being made to cover costs that are not associated

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with the operations or administrative overhead of the electric fund. However, this is a loan.

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Oh no, this one isn't the one. Then it says this transfer is 3.7% of the total $678,000

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of expenditures from the electric fund. So it's a small bit and we're putting it in there just

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get the water fun just right so we have money to pay bills.

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Any questions or

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comments on that? I mean so early just to listen to that.

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That's

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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.