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Special BID board reviews 2026 operating plan, asks staff for tightened budget options
Summary
At a special meeting Aug. 26, the BID board discussed the draft 2026 operating budget, an estimated assessment revenue of about $113,000, and asked staff to return with two revised budget columns showing proposed additions and an alternative tighter plan.
Special BID Board members met in a special session Aug. 26 to continue discussion of the district’s draft 2026 operating budget and directed staff to prepare a tighter budget package for the board’s next meeting.
The board’s staff member summarized the draft and said the assessments revenue estimate for 2026 is about $113,000 and that most revenue comes from that assessment, with small additional income from sources such as EV charging stations and carry-forward funds. The staff member said the draft also breaks down expenses more granularly than in prior years so board members can see subtotals in each category. “So, what we've done over the last few months is to break that down for you in your financial reports,” the staff member said.
Board members discussed a number of line items — marketing, lights and decorations, facade grants, landscaping and water meters — and identified several modest additions they wanted reflected in the next draft. Rather than taking a formal vote on the full operating plan at the special meeting, the board asked staff to prepare two columns for the next agenda: (1) the draft with the add-ons discussed at the Aug. 26 meeting and (2) an alternative that preserves more funds for future projects. The staff member agreed to present both versions.
The board also reviewed the current undesignated fund balance and future-project planning. The staff member said the current undesignated balance is about $103,000 and warned that the small additions being discussed would reduce the amount that would otherwise go into reserves. Board members asked staff to show the numerical effect of the proposed additions and one or more options to reallocate funds if the board prefers to preserve more savings.
The meeting opened with approval of minutes from the regular Aug. 7 meeting by motion, second and unanimous voice vote recorded as “Aye,” and ended with a motion to adjourn that passed by voice vote.
