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MAPS trust approves FY26 occupancy budget with $5.15 million estimated revenue
Summary
Trustees approved the MAPS FY26 annual occupancy budget establishing revenue and expenditure budgets for July 1, 2025–June 30, 2026; estimated revenue is $5,150,000 and expenditures are based on the 4% distribution policy previously approved by the board.
The Oklahoma City MAPS Investment and Operating Trust on May 19 approved its fiscal year 2026 occupancy budget, establishing revenue and expenditure budgets for July 1, 2025 through June 30, 2026.
Nicole Tower of the Office of Management and Budget presented the occupancy budget, stating the estimated revenues for FY26 total $5,150,000 and that the expenditures in the packet were prepared based on the 4% fund distribution the trustees previously approved.
The nut graf: trustees moved to approve the annual occupancy budget as presented; the motion passed during the meeting.
Tower summarized the key figures and said staff were available to answer questions; trustees had none and voted to approve the budget. The approval was recorded in the meeting minutes; the board took no related amendments at the time of the vote.
The budget vote followed earlier routine business including approval of minutes and receipt of the general manager and investment reports. As approved, the FY26 occupancy budget will govern revenue recognition and authorized expenditures for the trust’s occupancy-related items for the fiscal year beginning July 1.
The meeting record does not list a roll-call tally in the transcript; the motion passed per the chair’s announcement.
