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HomeMy WebLinkAbout2025 04 28 Regular 501 - Discussion and Possiable Action: Transfer from General Fund to Stormwater Enterprise FundREGULAR AGENDA ITEM 501 CITY COMMISSION AGENDA | APRIL 28, 2025 REGULAR MEETING TITLE Discussion and Possible Action: Transfer from General Fund to Stormwater Enterprise Fund SUMMARY This item and information was requested to be added to this agenda by Commissioner Paul Diaz. This item will allow the Commission to consider instructing the City Manager to allocate up to $1,000,000 from the General Fund to the Stormwater Enterprise Fund (Fund 411). This transfer would correspond to the anticipated first-year revenue from the proposed stormwater fee increase and is intended to provide immediate stabilization and support for stormwater operations during the current fiscal year (FY 2025). The Commission may also instruct the City Manager to provide a report on the amount transferred and the timing of the allocation. FUNDING SOURCE RECOMMENDATION Staff has no recommendation. Commissioner Diaz is requesting the Commission instruct the City Manager to allocate up to $1,000,000 from the General Fund to the Stormwater Enterprise Fund (Fund 411) and also instruct the City Manager to provide a report on the amount transferred and the timing of the allocation. 217