E. Interfund Receivables, Payables and Transfers

City Council · 2026-04-21 · agenda_item

This agenda item concerns interfund transfers for the City of West Melbourne, Brevard. The city is planning to move funds between different city accounts to cover future vehicle replacements and current infrastructure improvements. Specifically, transfers are planned from the General Fund and Water and Sewer Fund to the Vehicle Replacement Fund. Additionally, funds will be moved from the ARPA Special Revenue Fund to the Water and Sewer Fund for infrastructure, and from the General Fund to the Stormwater Fund. This item is currently under review by the City Council. The scope of work involves financial planning and accounting for these transfers, which will support future capital purchases and infrastructure projects. Businesses involved in financial services, accounting, and potentially construction or vehicle supply could be impacted as these transfers enable future spending. Early engagement with city finance departments could provide insight into upcoming needs.

Total Transfers Out

5,498,373 $

Transfers In to Vehicle Replacement Fund from General Fund

2,777,300 $

Transfers In to Vehicle Replacement Fund from Nonmajor Governmental Funds

2,683,873 $

Transfers In to Water and Sewer Fund from ARPA Special Revenue Fund

4,183,873 $

Transfers In to Stormwater Fund from General Fund

314,500 $