Finance Committee

District 1 District 2 District 3 District 4 District 5 District 6 District 7 Joseph Eatmon, Sr. Raevan Howard Norman Crow Lee Busby Kip Tyner John Faile Cassius Lanier Council Finance Committee Meeting Agenda Tuesday, May 20, 2025 Daugherty Conference Room 3:15 p.m. SUPPORTING TOPIC PRESENTER MATERIAL Approval of Minutes NEW BUSINESS 1. General Fund budget revision no. 12 Carly Standridge 2 2. Resolution authorizing funding agreement with Tuscaloosa County Park Carly Standridge 3 and Recreation Authority (OCA-25-0636) 3. Capital Projects proposal review and committee action on selected items Chairperson Busby ADJOURN 1 Proposed Budget Revisions for FY 2025 Finance Committee - May 20, 2025 General Fund Budget Amendment #12 Current Proposed Amended Action Account # Line Item Budget Revision Budget Increase 10100080-1536 Auction Sales - TPD LESO Funds (553) (12,261) (12,814) Increase 10105010-3701 TPD/EQP Supply (LESO 1033 PR) 27,380 12,261 39,641 - a. Budget revision to utilize LESO funds to purchase police supplies. Current Proposed Amended Action Account # Line Item Budget Revision Budget Increase 10100090-1550 Insurance Proceeds (65,700) (88,785) (154,485) Increase 10105010-4010 Equipment 153,948 88,785 242,733 - b. To use insurance proceeds to purchase two police vehicles. 2 APPROVED AS TO FORM Prepared By: OT/hdh Requested: Finance Date: 05/20/2025 Council Presentation: 06/03/2025 Office of the City Attorney Suspension of Rules: No RESOLUTION RESOLUTION AUTHORIZING FUNDING AGREEMENT WITH TUSCALOOSA COUNTY PARK AND RECREATION AUTHORITY (OCA-25-0636) BE IT RESOLVED BY THE TUSCALOOSA CITY COUNCIL that the Mayor be, and is hereby, authorized to execute a funding agreement with the Tuscaloosa County Park and Recreation Authority for reconstruction of green #2 at the Ol Colony Golf Complex in an amount not to exceed $37,500.00, and the City Clerk is authorized to attest the same. COUNCIL ACTION FUNDING REQUIRED: Yes No Resolution Ordinance Introduced Passed 2nd Reading Unanimous Failed Tabled By: Amended Chief Financial Officer Comments: 3