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, February 3, 2026, Daugherty Conference Room 3:00 p.m. TOPIC PRESENTER SUPPORTING MATERIAL Approval of Minutes NEW BUSINESS 1. Approval of disbursement from District 7 Improvements Fund for Councilor Lanier Southview Elementary Pre-K Fun Day; total: $1,000.00 2. General Fund Reserve for Future Improvements budget revision no. 6 Carly Standridge 2 3. General Fund budget revision no. 7 Carly Standridge 3 ADJOURN 1 Proposed Budget Revisions for FY 2026 Finance Committee - February 3, 2026 GENERAL FUND RESERVE FOR FUTURE IMPROVEMENTS - 2026 BUDGET AMENDMENT #6 Current Proposed Amended Action Account # Line Item Budget Revision Budget Increase 20309030-22025 ALBERTA BRIDGE LIGHTING 135,493.00 (59,333) 76,160 Increase 20318010-9990 CONTINGENCY 325,708 59,333 385,041 - a . To close out the Alberta Bridge Lighting budget and move funds to GFRFFI contingency. Current Proposed Amended Action Account # Line Item Budget Revision Budget Increase 20309030-24544 STILLMAN BLVD BRIDGE 1,500,000 317,000 1,817,000 Decrease 20318010-9990 CONTINGENCY 385,041 (317,000) 68,041 - b. To fund remaining 15% of design for the Stillman Blvd Bridge project ($300,000) and the railroad services agreement ($17,000). Current Proposed Amended Action Account # Line Item Budget Revision Budget Increase 20305010-25521 TPD TAKE HOME VEHICLE FY24 500,000 (228,556) 271,444 Decrease 20319030-8055 TRANS TO GENERAL FUND 7,683,283 228,556 7,911,839 - c. To utilize funding available from TPD vehicle funding swap with 2019B to increase RSA conversion escrow. Current Proposed Amended Action Account # Line Item Budget Revision Budget Decrease 20309030-24553 CYPRESS CREEK DRAINAGE - PH 2 175,000 (21,855) 153,145 Increase 20309030-22515 NEIGHBORHOOD STORM DRAINAGE 6,203,481 21,855 6,225,336 - d. To utilize available funding in Cypress Creek Drainage - Ph 2 to increase Neighborhood Storm Drainage 2 Proposed Budget Revisions for FY 2026 Finance Committee - February 3, 2026 General Fund Budget Amendment #7 Current Proposed Amended Action Account # Line Item Budget Revision Budget Increase 10100085-1628 TRANSFER FROM GF-RFFI (25,000) (228,556) (253,556) Increase 10135010-2023 PS/RSA RESTRICTED SURPLUS 4,960,788 228,556 5,189,344 - To utilize funding available from TPD vehicle funding swap with 2019B to increase RSA conversion escrow. 3