La Porte City BID Board accepts year-end finances, approves three invoices

La Porte City BID Board accepted a year-end financial report and approved payment of three invoices at its Jan. 13 meeting.

John, a board member who presented the finance report, said the board ended the year “with $130,171 basically” after receiving a November tax allotment and some interest. He told the board that the group is spending “about $50,000 more than we’re bringing in,” which he said would last roughly “two to two and a half years” at current spending levels.

John said December spending included about $27,725 in work — mostly payments to a contractor identified as Paul for planter removal and sidewalk work — and payments to Mofield for fall leaf cleanup and routine maintenance. John listed three invoices for approval: $300 for Lindsey for services July–December, $2,610 for snow removal billed by Amy, and a bill from Continental Electric for work on holiday-light poles that he said did not exceed a prior “not to exceed $11,800” quote; John reported the vendor’s invoice as $10,805.68.

After John presented the report, the board moved to approve the finance report and the three vouchers. A motion to approve carried with the board voting in favor; no individual votes were recorded on the transcript beyond the chair’s call for “Aye.”

The board also approved the December minutes earlier in the meeting without further change.

Members said the current spending rate suggested the board will need to make a formal decision about long-term finances within the next two to three years. No additional budget action or new revenue sources were proposed at the meeting.

Votes at this meeting did not include recorded roll-call vote tallies in the transcript beyond general “Aye” responses.