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Clawson DDA accepts May financial reports and approves budget amendments
Summary
At its June 18 meeting, the Clawson Downtown Development Authority accepted May financial reports and approved budget amendments that the finance director said leave the overall budget balance unchanged; board members asked for follow-up on delinquent tax adjustments.
The Clawson Downtown Development Authority on June 18 accepted its May financial reports and voted to approve proposed budget amendments that the finance director said produce a net-zero impact on the overall budget.
Board members heard that the amendments lower both revenue and expenditures by an equal amount so the fund balance is unchanged. Finance staff said the change reflects expected uncollectible delinquent property and personal property taxes and reductions to…
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