Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Redevelopment Commission reviews 2025 fund report, flags Copper Creek TIF appropriation issue
Summary
At a Redevelopment Commission meeting, Fiscal Officer Ryan reviewed the 2025 fund report, reporting a $27,631.96 beginning balance, $254,663.68 in year-to-date revenue and combined TIF balances of $438,227.59; he said an appropriation coding error tied to fund 4446 will be fixed in next year’s budget and that Copper Creek TIF spending can begin once appropriations are in place.
At a Redevelopment Commission meeting, Fiscal Officer Ryan presented the commission’s 2025 fund report and outlined account balances, recent payments and a coding/appropriation error that must be corrected before certain TIF expenditures proceed.
Ryan said the commission’s “beginning balance [was] $27,631.96” and that year-to-date revenue totaled $254,663.68, with $24,685 dispersed during the period. He said combined TIF funds for the end of the year total $438,227.59. "The Copper Creek TIF was new last year," Ryan said, noting it appears as a separate line item in the auditor’s report.
The fiscal officer told the commission a miscoding between two fund lines—identified in the report as 4445 and 4446—created what appeared as a negative balance in a comp line because the later-arriving TIF line items had not been appropriated. "I put in the wrong appropriation number to spend," Ryan said, explaining he will include the 4446 line items in the next year’s budget so the commission can legally spend those funds. He added, "You guys can begin spending money related to the Copper Creek TIF if necessary," once the appropriation is in place.
Ryan listed several year-end payments appearing on the fund detail: a payment to Cronin Associates for document preparation and financial analysis, one to the law firm Barnes & Thornberg for legal services, an insurance payment required for the redevelopment commission bond, and a credit-card charge for certified mailings. He also said the auditor’s fund-history page shows receipts and expenditures, with vendor names in the expended column.
Commissioners did not ask further questions after the report. The body recorded a separate procedural vote earlier in the meeting approving the Jan. 20, 2026 meeting minutes; the roll call in the transcript lists Tina McDonald, Dan Roy and Brand voting "yes." The commission then moved through routine reports and, after noting there were no public commenters visible, approved a motion to adjourn and scheduled its next meeting for March 16, 2026.
The commission’s fiscal report will be reflected in the auditor’s official filings; Ryan said he will correct appropriation coding in the upcoming budget process to clear the line-item issue and to allow properly budgeted Copper Creek TIF spending.
