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Kingsburg BID receives budget update; prior‑year balance and upcoming expenses noted
Summary
The city clerk’s office presented the BID’s current revenue and expense picture, reporting a corrected prior‑year ending balance of $33,591.02, projecting roughly $35,000 in BID fees for the year and about $40,000 in expenditures; members flagged additional near‑term costs including Christmas items and potential controller‑box replacement.
At the Dec. 2 meeting the Kingsburg Downtown BID reviewed current revenue and expenditure information from the city clerk’s office and discussed near‑term anticipated costs.
The presenter reported the prior fiscal year ending balance and then corrected the figure in discussion, saying, "The ending balance of last fiscal year, which was June 30, was $28,591.02. So that's what oh, wait. The fiscal year the last fiscal year that…
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