SUBJECT/RECOMMENDATION:
Title
Approve the June 2026 Financial Statement for Filing.
Body
SUMMARY:
The total expenditures and transfers through the month of June 2026 were $940,890. For the month of June, there were $45,846 in expenditures and transfers.
Funding in the amount of $25,000 was reallocated from the Future Downtown Initiatives line to the Marketing line to provide sufficient funding for approved event grant requests through the remainder of the fiscal year.
This reallocation also supports the continued success of the Micro Grant Program by increasing the funding available to meet ongoing demand. As a result, the Future Downtown Initiatives line has an unallocated fund balance of $567,915.
Staff & Administration
• $239.88 Public Meeting Notice
Fixed Payments
• $466.29 Tax Collector Commission
• $865.11 Property Appraiser Fee
Marketing
• $15,000.00 Micro Grant Program
• $15,000.00 Sharkapalooza
• $2,498.87 Market Marie 26/27
• $4,000.00 DDB Marketing
Business Assistance
• $245.00 Cleveland Street Activation
Transfers Out
• $7,530.42 Transfer to CRA
Balance Available: $1,131,806.
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. 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.