The Schumacher County Capital Resource Corporation on a unanimous voice vote approved a $10,000 operating budget for 2026, with the Industrial Development Authority providing the revenue, meeting audio shows.

Joe, a staff member, presented the budget and described the corporation as “set up to do a limited amount of transactions a year, if any,” noting the entity originally handled bond issuances. He said operating revenues for 2026 are $10,000, provided by the IDA.

The presenter said planned expenditures include $5,000 for professional service contracts and other operating expenses described as state administrative income; the speaker did not specify an exact dollar amount for the latter. A motion to accept the budget was made by Chad and seconded by Mike; the meeting record shows the motion carried on a unanimous “aye” vote. The board also approved the minutes of the previous meeting (motion by Warren, seconded by Mike) and then adjourned.

Discussion was brief. No public comments were requested for the meeting and no additional actions related to the budget (such as amendments or referrals) were recorded in the transcript.