Finance Committee

District 1 District 2 District 3 District 4 District 5 District 6 District 7 Joseph Eatmon, Sr. Raevan Howard VACANT Lee Busby Kip Tyner John Faile Cassius Lanier Member Chairperson Alternate Council Finance Committee Meeting Agenda Tuesday, January 27, 2026, Daugherty Conference Room 3:00 p.m. TOPIC PRESENTER SUPPORTING MATERIAL Approval of Minutes NEW BUSINESS 1. Approval of disbursement from the District 2 Improvements Fund for Councilor Howard RTR Pro Entertainment for the Silver Fox Valentine’s Ball; total: $800.00 (OCA-26-0029) 2. Approval of disbursement from the District 2 Improvements Fund for Councilor Howard Flavaz Restaurant for the Silver Fox Valentine’s Ball; total: $2,500.00 (OCA-26-0029) 3. Approval of disbursement from the District 2 Improvements Fund for Councilor Howard Luxe & Lifted for the Silver Fox Valentine’s Ball; total: $775.50 (OCA-26-0029) 4. Approval of disbursement from the District 2 Improvements Fund for Councilor Howard Jaxons Music Consultants for the Silver Fox Valentine’s Ball; total: $1,000.00 (OCA-26-0029) 5. Approval of disbursement from the District 2 Improvements Fund for Councilor Howard the Bloody Tuesday Organization; total: $2,000.00 (OCA-26-0094) 6. Approval of disbursement from the District 5 Improvements Fund for Council President Tyner Christmas Décor by Bama; total: $13,000.00 (OCA-26-0037) 7. Approval of disbursement from the District 6 Improvements Fund for Councilor Faile the Kristen Amerson Youth Foundation; total: $1,000.00 (OCA-26-0102) 1  8. Approval of disbursement from the District 6 Improvements Fund for Councilor Faile Caring Days; total: $1,000.00 (OCA-26-0103) 9. Approval of disbursement from the District 6 Improvements Fund for Councilor Faile Backpack Connections; total: $1,000.00 (OCA-26-0104) 10. Resolution authorizing renewal of the contract with Millenium Risk LaShonda Herbert 3 Management (MRM) to administer the City’s worker’s compensation claims (OCA-26-0006) 11. 2019B Warrant budget revision no. 5 Carly Standridge 4 12. General Fund budget revision no. 6 Carly Standridge 5 ADJOURN 2 APPROVED AS TO FORM Prepared By: JPW III/cmh________ Requested: Finance Date: 1/27/26 Council Presentation: 1/27/26__ Office of the City Attorney Suspension of Rules: No RESOLUTION RESOLUTION AUTHORIZING RENEWAL OF THE CONTRACT WITH MILLENIUM RISK MANAGEMENT (MRM) TO ADMINISTER THE CITY’S WORKER’S COMPENSATION CLAIMS (OCA-26-0006) WHERESAS, The City ceased being self-insured and enrolled in the State of Alabama Municipal Workers Compensation Fund (MWCF) with a deductible of $750,000 on each claim effective June 2, 2022. WHEREAS, The City has a separate contract with Millennium Risk Management (MRM) to Administer the City’s Worker’s Compensation Claims at an annual cost of $487,323 after the 2024 audit that expires January 31, 2026. The city now desires to renew its contract with MRM effective February 1, 2026 at an annual cost of $540,726.89. In addition, MRM shall submit the payroll premium on behalf of the City to MWCF from the contract amount. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF TUSCALOOSA that the Mayor is authorized to execute all documents necessary to execute a contract with Millennium Risk Managers (MRM) at an annual cost of $540,726.89 effective February 1, 2026 to administer the City’s workers’ compensation claims and the City Clerk is authorized to attest the same. BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF TUSCALOOSA that City recognizes the importance of safety in the workplace and is dedicated to its commitment to safety consciousness. The City’s acting safety coordinator is Jessica Jenkins. FUNDING REQUIRED: Yes No COUNCIL ACTION Resolution Ordinance Introduced Passed 2nd Reading Unanimous Failed Tabled By: Amended Chief Financial Officer Comments: 3 Proposed Budget Revisions for FY 2026 Finance Committee - January 27, 2026 2019-B WARRANT SERIES - AMENDMENT 5 Current Proposed Amended Action Account # Line Item Budget Revision Budget Increase 22200080-1406 Warrant Proceeds (363,916,632) (127,771) (364,044,403) Increase 22200080-1401 Interest Income - CD's (979,679) (9,070) (988,749) Increase 22200080-1411 2019-B Warrant Interest Income - (62,126) (62,126) Decrease 22200080-1717 Sewer Lateral Application Fees (1,500) 1,500 - Close 22240190-20527 Sewer Lateral Program 301,500 (6,830) 294,670 Increase 22240190-8083 Trans To Public Safety Capital 701,881 0 701,881 Establish 22240190-19532 FY19 Pub Safety Equipment - 2019B - 215,668 215,668 Close 22240190-24548 Equipment - Lakes 139,870 (11,371) 128,499 0.00 Closeout budget revision for the 2019B warrant to utilize remaining bond proceeds and interest. 4  Proposed Budget Revisions for FY 2026 Finance Committee - January 27, 2026 General Fund Budget Amendment #6 Current Proposed Amended a. Action Account # Line Item Budget Revision Budget Increase 10100075-1945 GRANT-ASSISTANCE TO FF - (219,827) (219,827) Increase 10106014-1025 SALARY OVERTIME - 21,983 21,983 Increase 10106014-3210 TRAVEL/EDUCATION - 197,845 197,845 - To budget for the 2024 Assistance to Firefighters grant award. Current Proposed Amended b. Action Account # Line Item Budget Revision Budget Increase 10100080-1592 PY Fund Bal - District Enhance - (868) (868) Increase 10104050-99902 District Improv - Dist 2 15,000 868 15,868 - To use prior year restricted District Enhancement fund balance for District 2 Donations. 5