Year-end transfers, a normally routine exercise done every December by city planners to ensure Iola’s funds are in balance, has once again put the city’s utility reserves under the microscope.
City Administrator Carl Slaugh said the city should once again consider raising Iola’s electric rates to boost its reserve fund. That’s because 2014 was a particularly costly year, Slaugh noted, with the city transferring more than $3.4 million from its utility funds to either Iola’s general fund or its parks and recreation funds.
Council eyes possible electric rate increase
