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Kasson City EDA reviews year‑end finances, moves roughly $82,600 into revolving loan fund
Summary
At a regular meeting the Kasson City Economic Development Authority approved minutes, reviewed year‑end finances (expenses $114,606.91; income $1,000,276.68) and discussed transferring $82,577.24 into its revolving loan fund to close an old downtown deficit and expand lending capacity.
The Kasson City Economic Development Authority approved the previous meeting’s minutes and spent the bulk of its meeting reviewing year‑end finances and work‑plan priorities for 2026.
Staff member told the board the EDA’s operating expenses for the year were $114,606.91 and income totaled $1,000,276.68, noting a drawdown tied to a Rev program line item of $13,417.98. "If you back that out, we were actually kind of ahead by about $1,000 this year," the Staff member said.
The staff report said the EDA…
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