“There’s one item,”she said,
“ and that’s whether or not we’ll be able to capitalize on a large project that the auditors are still trying to walk between—(that) they think is a repair and maintenance (item).”She went on to say the item affects an unnamed department’s budget by $100,000. Williams, however, did not specify how the $100,000 item would affect the budget or which department’s budget it would affect. FYN has requested details on the issue. The city, however, has yet to respond to our request. Further, Williams said the finance department will be in “lock-down mode” to finalize the numbers for the amendment.
“I would prefer we do a three year lease at 3.23 percent interest,”Williams explained,
“That’s 36 months with a monthly lease payment of $1,364.32…It’s all within our budget.”Council approved the recommendation unanimously.