Moran Council closes books on 2018 finances

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Local News

January 8, 2019 - 10:40 AM

MORAN — A $25,000 transfer from Moran’s electric reserves to the city’s general fund to close out the 2018 fiscal year should be sufficient to ensure both funds remain in compliance, City Council members agreed Monday.

The routine, year-end budget transfers were made at the end of December, but with some potential outstanding budgetary obligations — payroll, utility bills and other other unexpected bills that will come forth in the next week or two  — predicting how they’ll wind up can be an inexact science, City Clerk Lori Evans explained as she detailed transfers involving the general, electric and capital improvement funds.

“I think it’s good to leave it as it is,” Councilman Jerry Wallis replied, when asked if the Council should do any other transfers. The other members agreed.

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