The formula in the fund extension wasn’t correct in the tabulation for retainage for capital projects on the first claims list (attachment to agenda of Monday, August 10, 2020 meeting of Muskogee Municipal Authority. View agenda here).
This doesn’t effect the total of $1,286,082.46 but does adjust the distribution of those funds as follows:
- REIMBURSE CITY FOR EXPENDITURES OF OPERATION & TRANSFER OF EXCESS to $860,551.74 (instead of $899,770.98)
- RETAIN FOR CAPITAL PROJECTS to $180,408.51 (instead of $141,189.27)