2020 Surplus Allocation
Motion
It was moved and seconded that Council approve the allocation of the 2020 operating surplus as follows: 1. General Fund Special Initiatives Reserve $7,482,599 Property Acquisition Reserve $1,000,000 Total: $8,482,599 2. Sewer Fund Sewer Reserve $589,873 Sewer Financial Stability Reserve $28,751 Total: $618,624