SUBJECT/RECOMMENDATION:
Title
Approve a third quarter budget amendment to the Fiscal Year 2024-2025 Downtown Development Board Budget and adopt Resolution 25-01.
Body
SUMMARY:
The Clearwater Downtown Development Board (DDB) third quarter budget amendment reflects an increase in revenues of $15,263 and a decrease of $1,752 in the payment received through the Interlocal Agreement.
The Special Event Grants line under the Marketing category has increased in alignment with the additional revenues. The amendment also allocates the previously approved $300,000 for the Cleveland Street Activation, as approved at the March 3, 2025, DDB meetings.
A reduction of $600 from the Officers & Directors Insurance and added to Tax Collector Commissions. This is the adjustment of the budget to reflect anticipated expenditure for the remainder of the fiscal year.
STRATEGIC PRIORITY:
