Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Coldwater DDA approves fiscal 2025 budget, preserves funds for façade grants
Summary
The Coldwater Downtown Development Authority voted unanimously on May 22 to approve its fiscal year 2025 budget, projecting about $138,000 in year-end fund balance and earmarking rebate funds to match an MEDC façade-restoration grant. The board also approved routine bills and the consent agenda by voice vote.
The Coldwater Downtown Development Authority voted unanimously May 22 to adopt its fiscal year 2025 budget after a brief discussion of projected revenues, reserves and a façade-rebate program.
Audrey, the DDA director, told the board the organization should finish the fiscal year with roughly $138,000 in fund balance and described revenue sources that include tax capture, LCSA reimbursements, donor contributions, a state grant expected next fiscal year, and rising rental income from the Children’s Museum. She also said capital improvements…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
