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 Member Vice Chairperson Chairperson Alternate Council Finance Committee Meeting Agenda Tuesday, August 5, 2025, Daugherty Conference Room 3:00 p.m. TOPIC PRESENTER SUPPORTING MATERIAL Approval of Minutes NEW BUSINESS 1. Water and Sewer Capital Budget Overview Mayor Maddox Kimberly Michael 2. Water and Sewer Operating Budget Overview Mayor Maddox Kimberly Michael 3. Water and Sewer budget revision no. 4 Carly Standridge 2 4. General Fund Reserve for future Improvements budget revision no. 16 Carly Standridge 3 5. Discussion of Noah’s Ark recommendation Mayor Maddox 6. Fiscal Year 2026 Operating Budget discussion Chairperson Busby ADJOURN 1 Proposed Budget Revisions for FY 2025 Finance Committee - August 5, 2025 Water and Sewer Fund Budget Amendment #4 Current Proposed Amended Action Account # Line Item Budget Revision Budget Increase 60100090-1550 Insurance Proceeds (17,642) (86,060) (103,702) Increase 60109073-4010 Equipment - 62,000 62,000 Increase 60109072-4010 Equipment 29,360 24,060 53,420 - To use insurance proceeds to purchase replacement truck for City ID 2580 (asset ID 21128) and 2618 (asset ID 21227). 2 Proposed Budget Revisions for FY 2025 Finance Committee - August 05, 2025 GENERAL FUND RESERVE FOR FUTURE IMPROVEMENTS - 2025 BUDGET AMENDEMENT #16 Current Proposed Amended Action Account # Line Item Budget Revision Budget Decrease 20309030-19012 JUANITA DRIVE PH 2 1,300,000 (382,596) 917,404 Decrease 20306010-24537 PUBLIC SAFETY LOGISTICS CENTER 1,097,424 (500,000) 597,424 Increase 20309030-22515 NEIGHBORHOOD DRAINAGE 5,381,417 882,596 6,264,013 - To allocate funds to the neighborhood drainage project 3