The Saratoga Sun -

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: $...



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