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Council asks city manager to renegotiate DGDC MOU after members request financial reporting and in-kind accounting
Summary
Councilmembers asked the Downtown Goldsboro Development Corporation's nonprofit and city staff to quantify in-kind city support and provide annual financial reporting; the council directed City Manager Matt Livingston to negotiate text changes and return a revised memorandum of understanding.
Goldsboro City Councilmembers asked the Downtown Goldsboro Development Corporation (DGDC) and city staff to produce clearer documentation of the partnership's financial and in-kind support and asked the city manager to negotiate revisions to a proposed memorandum of understanding.
Erin (DGDC executive director) and DGDC board members outlined the nonprofit's role as the nonprofit arm of the city's Main Street program and described volunteer and financial contributions to downtown programming. Erin said the DGDC has provided 34,501 volunteer hours equating to an estimated $904,169 of value and that the nonprofit's…
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