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BSD reports $1.5 million fund balance; staff flags DPS line over budget
Summary
Staff told the Birmingham City BSD that the fund balance is $1,500,290.34 and that special assessments and investment income are arriving; they warned the DPS line is at about 98% of budget versus a 66% target and said staff will monitor and correct account charges.
The Birmingham City Business Improvement District (BSD) reported a total fund balance of $1,500,290.34 and said special assessment receipts and investment income are beginning to arrive.
At the BSD meeting, staff presented the monthly financial report, saying year-to-date contributions from private sources — sponsorships and donations — total $175,060. Accounts payable were described as “a little under $30,000,” and staff noted a suspense account entry reflecting an accidental double payment on a special assessment that will be…
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