File #: ID#20-8653    Version: 1 Name: FY20/21 Budget amendments and resolution
Type: Action Item Status: Agenda Ready
File created: 12/16/2020 In control: Downtown Development Board
On agenda: 1/13/2021 Final action:
Title: Amend the budget for the Downtown Development Board (DDB) for fiscal year 20/21 and adopt DDB resolution 21-01.
Attachments: 1. FY20-21 Budget Amendment (1).pdf, 2. 20201223 Budget Amendment Resolution 21-01.pdf
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SUBJECT/RECOMMENDATION:

Title

Amend the budget for the Downtown Development Board (DDB) for fiscal year 20/21 and adopt DDB resolution 21-01.

 

Body

SUMMARY: 

The DDB has $380,000 available in the unallocated fund balance line. Staff recommends reserving $100,000 in reserves and allocating $280,000 as follows:

 

$5,000 for Operating Expenditures

$75,000 in Special Events Grants

$75,000 in Project/Policy Work Grants

$125,000 in Business Assistance Grants