Council moves $15,000 into water meter capital fund to replenish inventory

The Lockport Common Council voted to transfer $15,000 from the Water Fund Contingency to the Water Meter Capital Project (H127), a fund established in 2012 to finance water meter purchases. The resolution says the Water Meter Capital Project has an approximate remaining balance of $5,000 and that adding $15,000 should provide approximately nine to twelve months of inventory depending on demand; the motion was seconded and adopted.

Council materials reference the original establishment of H127 by resolution 041812.11 in 2012. The amendment lists the interfund and capital project accounting lines used to record the transfer and increase Machinery & Equipment expenditures by $15,000.