An adjustable and lockable bushing assembly includes a locking plate and a bushing. The locking plate has a bushing engagement opening that is defined by a plurality of first serrations, and a boss that extends axially therefrom. The bushing engages the locking plate and includes a concentric section, an eccentric section, a lock interface section, and an opening. The opening has a fixed diameter and extends along a longitudinal axis through the bushing. The concentric section has an outer surface that has a circumference that is concentric with the longitudinal axis. The eccentric section extends from the concentric section has an outer surface that has a circumference that is eccentric with the longitudinal axis. The lock interface section extends from the concentric section and includes an outer surface defined by a plurality of second serrations that engage the first serrations.