SUBJECT/RECOMMENDATION:
Title
Approve the May 2026 Financial Statement for Filing.
Body
SUMMARY:
The total expenditures and transfers through the month of May 2026 were $894,991. For the month of May there was $35,467 in expenditure.
Future Downtown Initiatives line has a fund balance of $592,915 that has not been allocated to any project or program.
Fixed Payments
• $148.70 Public Meeting Notice
Marketing
• $882.73 Market Marie
• $14,994.00 Ukulele Festival
• $5,000.00 Micro Grant Payments
• $2,911.60 Grad Chalk Walk
• $4,000.00 DDB Marketing (RBOA)
Transfers Out
• $7,530.42 Transfer to CRA
Balance Available $1,177,705
Staff have continued 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.