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Committee approves $1.3 million transfer to record retainage for ARPA-funded building projects
Summary
DuPage County Finance Committee approved a $1.3 million budget transfer to record retainage payable tied to two near-complete building contracts, and members discussed the project funding mix and federal funds risk for the St. Joseph Creek drainage work.
The DuPage County Finance Committee on April 8 approved a budget-transfer request (25-0968) to move $1,300,000 from green and system infrastructure to building improvements to record year-end retainage for two construction contracts, including an HVAC replacement and a project listed in the packet as "White."
Jeff, a county staff member, explained that the transfer reflects retainage "that we hold back a percentage of money" at fiscal-year end to ensure contractors finish their work. "So the $1,300,000 is related to these two…
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