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.