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Committee approves consolidation of marina and boat-facilities funds under city management

Finance and Personnel Committee · December 9, 2025

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Summary

Resolution approved consolidation of the boat facilities fund and the marina fund into a single marina/boat-facilities fund following the marina’s conversion to city staff management; existing capital-fund advances and an outstanding mortgage will move with the consolidated fund.

The committee approved Resolution No. 138, authorizing the finance director to close the separate boat-facilities and marina funds and combine them into a single marina/boat-facilities fund.

The Finance Director said the consolidation follows the marina’s conversion to city staff management and is an operational change to align management and accounting. The director noted that a capital-fund advance owed to the capital fund and a mortgage on the account will transfer with the consolidation. "I did add a little bit more detail this time ... because of the history with the marina and just wanting to be transparent," the Finance Director said.

A member moved and seconded the resolution; the Chair recorded the vote as aye and declared the motion passed.