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City staff proposes using $12M‑plus surplus for parks, riverwalk and safety projects
Summary
City staff told the committee it has roughly $12 million available from RFFI surplus and proposed reallocating funds to parks (including Freeman Park pool), River District projects, bond closeouts and public-safety facility work; staff also outlined restricted and earmarked sources such as the Alabama Trust Fund and tourism capital.
Carly, a finance staff member, told the committee the RFFI surplus available to spend is "a little bit over $12,000,000," most of which comes from the general-fund surplus after fiscal year 2025. She said small carryovers from completed projects add roughly $201,000 for closeout items and that staff will provide a list of those line items on request.
Staff identified several specific pots of money for reallocation. Carly said the city receives an annual Alabama Trust Fund check — interest from state mineral royalties — of about $800,000, from which a $400,000…
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