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Forest Park Development Authority adopts FY 2526 budget
Summary
The Forest Park Development Authority voted unanimously to adopt its fiscal year 2526 budget after brief discussion of revenue handling and remaining construction costs.
The Forest Park Development Authority voted to adopt its fiscal year 2526 budget after a brief discussion about revenue flow and remaining construction costs.
Board members approved the budget by voice vote after a motion and second were called; the meeting record shows the chair asked, “All in favor?” and the board replied in the affirmative. No roll-call vote with named tallies was recorded in the transcript.
The budget discussion included questions about whether certain revenues would pass through the authority's bank account and how remaining construction finish costs were accounted for. One board member asked whether revenues would "have to go go through our bank account," and a colleague confirmed that the funds would pass through the authority's account. Staff also indicated the budget would leave the authority with roughly $6,000 after planned expenses.
The adoption motion was made and seconded during the meeting; the chair announced the motion's passage by voice vote. The authority also approved the meeting agenda and the minutes for the prior meeting earlier in the session by similar voice votes.
No formal objections or recorded no votes appear in the transcript. The board moved on to its economic development updates and other business following the budget action.
