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Eau Claire RDA reports $738,000 fund balance; staff says no expenses posted for first quarter
Summary
Staff presented the RDA budget and actuals as of March 31, 2025, reporting no applied expenses and a fund balance of $738,000. The board moved to approve the financial report without a recorded roll-call tally in the transcript.
Eau Claire City Redevelopment Authority staff told members on March 31 that the RDA had a fund balance of $738,000 and that, as of March 31, 2025, no expenses had been applied to the authority.
The report—presented at the start of the meeting—showed year-to-date budget and actual expenditures and operating budget and actual expenditures in the capital budget, with revenues and other funding sources reported when realized. A staff member said, “As of 03/31/2025, no expenses have been applied to the RDA.”
The RDA chair asked for a motion to approve the report; a motion and a second were made and the chair called for those in favor. The transcript records members saying “aye,” but it does not provide a roll-call or numerical tally in the record.
The staff presentation did not include a detailed breakdown of anticipated near-term expenditures. The record states that revenues, expenditures and other funding sources are recorded when they are realized; the RDA did not identify specific forthcoming projects tied to the current balance during this agenda item.
Minutes and accompanying material will be posted by RDA staff as part of the public record; the transcript indicates members asked questions and then moved on to other business.
The RDA later discussed specific project proposals and development issues during the same meeting, but those items were covered in separate agenda sections.
