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City moves TMUA funds to prioritize water main replacements and pump station work
Summary
Finance staff described transfers of available TMUA bond premium and subfund balances to cover citywide water main replacements and a pump station project after some projects came in under budget; councilors asked for notification when specific neighborhood projects are scheduled.
City staff briefed the committee on ordinances to transfer available appropriations within Tulsa Metropolitan Utility Authority (TMUA) subfunds to address water system priorities.
Jared and finance staff said bond premium and project savings from completed projects produced available balances that staff recommended reassigning to citywide water main replacements and…
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