Flandreau City news
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Brenda Wade Schmidt
Enterprise
Flandreau city leaders will soon decide what to do with more than a half million dollars that hasn’t been spent on designated projects.
The money, which is in capital reserve funds, are restricted to two projects: $220,000 for widening of Broad Avenue and $300,000 for three other projects, including improving draining on Broad Avenue, reconstruction of Community Drive and resurface the area where the old tennis courts were near the community center. The designation expires in 2020 and 2021, 60 months after they were set up.
If money is designated in a restricted fund, that doesn’t obligate the city to use it for that purpose, said Jeff Pederson, city administrator. It’s a way to save for a project. “It just provides a period of time to hang on to those reserves as long as we have a designation for it,” he said.
The city has not initiated any of the projects stated for the restricted funds but can designate them for the same or different projects as they get close to expiring.
It’s time to start thinking about what else the money could be designated for, Pederson said. If it is not put into a new restricted fund, the money would revert to the general fund.