[This transcript was generated automatically from audio using AI and hasn't been reviewed by a person -- it can contain mistakes, including plausible-sounding sentences that were never actually said. Treat it as a starting point, not a verbatim record.]

[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.
[2:52] 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.
[3:57] And now you can hit the pause button on that or hit range that goes to the next one and then pause it once.