A little bit at a time
Saratoga Town Council approves transfer of excess revenues over four month period totaling nearly $500,000
September 9, 2020
At their September 1 meeting, the Saratoga Town Council began the process of moving excess revenues from Fiscal Year 2019/2020 into corresponding reserve funds.
While the council appeared to agree that such an action needed to take place, the governing body disagreed on the how and the timeline. A four month period, proposed by Mayor Pro-Tem Keel at the guidance of third-party accountant James Childress, drew criticism from council members Jon Nelson and D’Ron Campbell.
The enterprise funds and excess revenues to be transferred into reserve accounts under WYOSTAR were:
• Airport Fund: $...