SUBJECT/RECOMMENDATION:
Title
Approve the July 2026 Financial Statement for filing.
Body
SUMMARY:
The total expenditures and transfers through the month of July 2026 were $978,037. For the month of July, there were $37,147 in expenditures and transfers.
The Future Downtown Initiatives line has an unallocated fund balance of $567,915.
Fixed Payments
• $8.89 Tax Collector Commission
Marketing
• $15,000.00 Micro Grant Program
• $2,852.52 Market Marie 26/27
• $4,000.00 DDB Marketing
Business Assistance
• $8,000.00 Outdoor Café Grant Program
• ($245.00) Cleveland Street Activation adjustment
Transfers Out
• $7,530.42 Transfer to CRA
Balance Available: $1,094,659.
Staff continue to close out purchase orders for completed events and programs. Any remaining balances have been reallocated to the Unallocated Special Event Grants line for future Downtown Development Board programming opportunities.
Additionally, staff continue to monitor available funding levels to ensure sufficient resources remain for approved events and grant programs through the end of the fiscal year.