Committee creates $6.9 million ALDOT grant line and reallocates funds for utility relocation
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Summary
The finance committee approved a water and sewer reserve revision that closes smaller easement line items to free $40,000 for property acquisition tied to an ALDOT bridge utility-relocation project and created a $6.9 million ALDOT grant revenue and budget line for the project.
The Tuscaloosa City finance committee approved a water-and-sewer reserve budget revision that moves local funds to support property acquisition for an Alabama Department of Transportation (ALDOT) utility-relocation project and creates a corresponding ALDOT grant budget line of $6.9 million.
Miss Standridge told the committee the revision is in two parts: closing out a Greensboro underground vault line item with about $20,000 remaining and moving funds from Eastman acquisitions to produce $40,000 for property required for the ALDOT Woolsey Fennell bridge utility-relocation project that ALDOT will not reimburse. She also said the committee is recording $6,900,000 in ALDOT grant revenue and creating the same amount in budgeted expenses so there is no net bottom-line change.
A committee member asked where the other $20,000 was coming from; Miss Standridge explained the vault and another acquisition account would provide the funds and that the grant amount being recorded is $6.9 million and will not affect the overall fund balance. After questions, the committee approved the revision by voice vote.
The reallocation makes local funds available to acquire property the committee determined is necessary for the ALDOT utility relocation; Miss Standridge said those acquisitions are for areas ALDOT will not reimburse. The committee did not provide a roll-call tally in the transcript.