The Selma City Downtown advisory board approved its financial report during a regularly scheduled meeting, after staff reported no expenditures since Sept. 30 and said the marketing contractor AdVine has been fully paid off.

Jose, the staff member who presented the packet, said the printed financial sheet looks different from prior versions and that recent deposits reflect business-license renewals. He explained that certain entities—banks and churches—are exempt from gross-receipts taxation and instead pay a flat $100 fee, which changes the way receipts appear on the report.

Board members raised questions about how gross-receipts figures are calculated for real-estate transactions and asked staff to follow up with Finance Director Maggie Moreno for a calculation method and documentation. A separate line-item discrepancy (a $7.88 figure next to a $22,000 headline) prompted several members to ask Jose to obtain a clearer accounting and to circulate the explanation to the board.

Jose also described recurring monthly transfers from the city into the BID account, which he said have been budgeted and are split into several deposits across the year. After members received the clarifications, a motion to approve the financial report passed by voice vote.

The advisory board did not record detailed roll-call tallies in the minutes; the approval was completed by voice vote with members saying "aye." Jose committed to providing a detailed breakdown from Finance Director Maggie Moreno at the next meeting.