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TAYO projects smaller FY26 loss after $2.6M lot sale; board approves annual budget and relocation amendment

3449108 · May 22, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Finance staff presented an updated FY2026 budget showing a projected loss reduced to $176,000 after sale of 311 North Boulder for $2.6 million and contract renegotiations. Trustees adopted the annual budget and approved a housekeeping amendment shifting about $80,000 to cover furniture and moving costs for the seventh-floor relocation.

TAYO finance staff presented an updated FY2026 budget and a related housekeeping budget amendment tied to the authority—s planned move to a new seventh-floor office.

Lynn told trustees the projected FY26 loss had improved from a $210,000 projection (reported last month) to a $176,000 shortfall. The primary drivers she cited were the $2.6…

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