This past Friday morning, the Perry City Council held a special session to wrap up the 2019 fiscal year, and the bulk of the meeting was devoted to financial transfers to catch the City up for the next year.

City Administrator Sven Peterson said there were two types of transfers the Council approved at the meeting. The first was normal end-of-year items, such as moving monies from the emergency levy fund into the general fund. The Council approved transferring $43,189.36 to cover line items that were higher than the projected budget. Also included in normal year end items was the transfer of $50,000, $14,286.31, and $12,311.06 from the local option sales tax fund to the debt service, Carnegie Library, and Town/Craft Building funds, respectively.

Peterson said the other type of transfer the Council okayed was closing out the funds for recent City projects. “So we closed out a sewer project as well as the North Street project. So a few years old, but it takes a while for us to receive all of the bills, and pay all of that out, and receive the state grants that we utilize for those projects. So some projects from 2017 that drug into ‘18, and now we’re cleaning up before the start of fiscal year ‘20.”

A third project closed was the soccer complex project, which was mostly wrapped up last year. The monies transferred for the three projects included $20,205.05 for North Street, $468,058.35 for the sewer project, and $340,255.86 for the soccer complex. Each fund transfer came from the local option sales tax fund. To learn more about this and other City of Perry topics, listen to today’s Perry Fareway Let’s Talk Dallas County program on air and at RaccoonValleyRadio.com.