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, March 24, 2026, Daugherty Conference Room 3:00 p.m. TOPIC PRESENTER SUPPORTING MATERIAL Approval of Minutes NEW BUSINESS 1. Approval of disbursement from District 2 Improvements Fund for Councilor Howard the West Alabama Multicultural Alliance Heritage Festival; total: $2000.00 (OCA-26-0303) 2. Approval of disbursement from District 2 Improvements Fund for Councilor Howard Skyland Elementary; total: $1,000.00 (OCA-26-0304) 3. Approval of disbursement from District 4 Improvements Fund for Chairperson Busby Leadership Tuscaloosa charity benefit dinner; total: $1,000.00 4. Approval of disbursement from District 7 Improvements Fund for Councilor Lanier the West Alabama Multicultural Alliance Heritage Festival; total: $500.00 (OCA-26-0353) 5. Approval to amend a professional services contract with Granicus, Sarah Bridger-Gilmore 3 LLC (A19-1568) 6. General Fund budget revision no. 10 Carly Standridge 4 7. Elevate budget revision no. 3 Carly Standridge 5 8. General Fund Reserve for Future Improvements budget revision Carly Standridge 6 no. 8 1 9. Police Officer and Firefighter Pension conversion to Retirement Carly Standridge Systems of Alabama Scott Holmes 10. Debt advising and underwriting services discussion Councilor Howard ADJOURN 2 Memorandum To: Finance Committee Date: March 24, 2026 Subject: Authorization for Contract Amendment No. 2 with Granicus, LLC Strategic Communications is seeking approval to amend a professional service contract with Granicus, LLC for website upgrades and enhancements. Funding $36,231.00 / 70101000-26517 (American Rescue Fund) 3 Proposed Budget Revisions for FY 2026 Finance Committee - March 24, 2026 General Fund Budget Amendment #10 Current Proposed Amended Action Account # Line Item Budget Revision Budget Increase 10100080-1592 PY Fund Bal - District Enhance (868) (3,000) (3,868) Increase 10104050-99902 District Improv - Dist 2 15,868 3,000 18,868 - a. To use prior year funds for District 2 Improvement Fund disbursements to WAMA Festival and Skyland Elementary Current Proposed Amended Action Account # Line Item Budget Revision Budget Increase 10100060-0636 Diversion Training (TDP) - (20,250) (20,250) Increase 10105010-3120 Trave/Education 69,600 20,250 89,850 - b. To utilize TPD Training Tech funds for travel/education for TPD. This item is being requested to be doubled up on Council agenda. 4 Proposed Budget Revision for FY 2026 Finance Committee - March 24, 2026 2026 Elevate Amend 3 Current Proposed Amended Action Account # Line Item Budget Revision Budget Increase 10800075-1901 Federal Grants (51,000,000) (1,000,000) (52,000,000) Increase 10802030-19524 Saban Center 52,815,485 1,000,000 53,815,485 - a. To budget grant award from the ARC for the Saban Center Aviation Package. Current Proposed Amended Action Account # Line Item Budget Revision Budget Increase 10800075-1313 State Grants (19,069) (676,596) (695,665) Increase 10802020-24513 Runway 04/22 Extension 27,795,225 676,596 28,471,821 - b. To budget State grant award for the Runway 04/22 Project. 5 Proposed Budget Revisions for FY 2026 Finance Committee - March 24, 2026 GENERAL FUND RESERVE FOR FUTURE IMPROVEMENTS - 2026 BUDGET AMENDMENT #8 Current Proposed Amended Action Account # Line Item Budget Revision Budget Increase 20300075-1313 State Grants (14,427,555) (2,000,000) (16,427,555) Increase 20309030-25516 Julia Tutwiler Access 300,000 2,000,000 2,300,000 - a . To budget ATRIP II grant award for the Julia Tutwiler Access project. Current Proposed Amended Action Account # Line Item Budget Revision Budget Close 20309030-24001 2024 Citywide Resurfacing 3,449,105 (1,747,882) 1,701,223 Close 20309030-25001 2025 Citywide Resurfacing 3,443,625 (571,146) 2,872,479 Close 20309030-24546 JWP Paving-Hwy 82 to Marrs Spr 650,000 (349,281) 300,719 Increase 20309030-26001 2026 Citywide Resurfacing 3,750,000 2,668,309 6,418,309 - b . To transfer closed project surplus budgets to 2026 Citywide Resurfacing project. Current Proposed Amended Action Account # Line Item Budget Revision Budget Close 20309030-24554 Exit 73 Floodway 75,000 (63,100) 11,900 Close 20309030-19525 Fire Station #5 Acquisition 200,000 (112,620) 87,380 Close 20304030-23503 IT Switch Replacement 499,859 (7,197) 492,662 Close 20309030-21029 ESD Parking Lot Improvements 390,000 (11,952) 378,048 Increase 20318010-9990 Contingency 85,729 194,869 280,598 - c. To close out projects and move remaining funding to contingency. Current Proposed Amended Action Account # Line Item Budget Revision Budget Decrease 20318010-9990 Contingency 280,598 (215,671) 64,927 Increase 20309030-25516 Julia Tutwiler Access 2,300,000 72,875 2,372,875 Establish 20309030-26518 4th & 23rd Ave One Way - 142,796 142,796 - d. To use contingecy funds for design of 4th & 23rd avenue one-way project, and finish design of the Julia Tutwiler Access project. 6