OPEB and Stabilization Transfers
At a glance
- What: transfers from the certified free cash (undesignated fund) to the OPEB trust and stabilization accounts.
- Where it stands: resolved; approved 11-0 on 2026-10-19, per auto-captions.
- Next: a related $2,416,563.20 transfer for FY2027 capital accounts is in Finance (see FY27 Capital Improvement Plan). Background: Free Cash Certification.
Transfers
- On 2026-09-28 Councilor Irish moved a $74,000 transfer to the West Side fire station stabilization account, described as the developer's mitigation payment for a second building of 74 units at $1,000 per unit; it passed 10-0 (see 40 Lock Drive Westside Fire Station).
- On 2026-10-19 the council approved transfers of $1,902,345.60 from the undesignated fund, split $951,172.80 each to the OPEB trust and the stabilization account.
Sources
Discussion time
About 1 minutes across 1 meeting (from transcript timestamps; approximate).
| Meeting | Minutes |
|---|---|
| 2026-10-19 - City Council | 1 |
Log
- 2026-10-29 - OPEB Trust Meeting - Agenda lists the FY27 Free Cash transfer of $951,172.80 and a $400,000 FY27 budget line to fund OPEB (agenda only; outcome not yet recorded).
- 2026-10-19 - City Council - $1,902,345.60 split between the OPEB trust and stabilization account approved 11-0.
- 2026-09-28 - City Council - $74,000 transfer to the West Side fire station stabilization account approved 10-0.