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Finance committee approves transfers for bridges, roads and fuel-tank spill prevention
Summary
Steuben County’s finance committee approved several departmental transfers to move leftover funds into upcoming bridge and road projects and to finance spill-prevention work on county fuel islands, and discussed a new five-year capital-plan priority.
The Steuben County Finance Committee on Feb. 1 approved a set of transfers from prior-year project balances to cover upcoming bridge and road work and to fund spill-prevention at county fuel islands.
Public works staff asked the committee to authorize a $151,411.26 transfer from leftover Smith Hill Bridge funds into future bridge projects, explaining that “95 is federal and state, and then we’re usually a 5% placeholder,” and that leftover money will help cover contractor overages on forthcoming projects. The committee then approved a larger transfer of $1,276,103.04 into unassigned road-improvement funds; staff said these are carryovers from conservative prior-year estimates that can be used to cover escalation in material and oil costs on federal-aid projects.
Public works also requested $50,000 from capital funds for spill-prevention capital related to fuel-tank islands and bulk-storage vaults, which staff described as needed for permitting and concrete containment work to meet storage regulations. Committee members asked clarifying questions about project scope and confirmed it is countywide infrastructure used by multiple departments. All three Public Works items were moved, seconded and carried.
Chair also told members that finance intends to develop a five-year capital plan (separate from a five-year road plan) to forecast large equipment and capital outlays and to improve multi-year cash-flow planning. Staff were directed to prepare a practical first-year budget and rough later-year estimates for committee review.
