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Committee hears status of 7¢/4¢ gas tax funds, 911 transition and court‑restricted accounts
Summary
City staff walked the finance committee through restricted special funds — including state gas‑tax accounts, the 9‑1‑1 transition to Shelby County and municipal court cash‑bond and corrections accounts — and said a $90,000 state grant will replace the city’s radio/recording equipment.
The Homewood Finance Committee on Sept. 24 reviewed a series of restricted special funds and the intended uses for each ahead of final budget adoption.
City Manager Glenn Adams described the 7¢ and 4¢ gas‑tax funds as state‑awarded accounts that must be spent for narrowly defined transportation purposes. “The intent of both of these funds is to 0 out every single year,” Adams said, adding the city is improving year‑end cleansing so balances are used for appropriate paving and traffic work.
Randy, the city traffic staff member who addressed the group,…
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