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Selma BID reviews finances and preliminary 2026–27 budget; board flags membership-fee equity
Summary
The BID reviewed its monthly financial report (new Tyler accounting format) and a proposed FY 2026–27 budget that includes $110,000 in expenditures for the BID (about $100,000 for the façade grant and $10,000 for operations). Board members asked for clearer itemization and raised disparities in membership fees.
The Selma Downtown BID reviewed a new, more detailed accounting report generated through the city’s Tyler software and discussed a preliminary budget for fiscal year 2026–27. Heather (finance staff) walked the board through the packet’s proposed budget document and fund-balance schedules.
Board members asked whether all BID assessment fees had been collected and requested clearer itemization for prior years. One member noted a spike in maintenance and operations in 2024–25 (about $17,330) compared with earlier years (roughly $8,000–$10,000) and asked staff to investigate the cause. Heather said staff would look back at prior line items and that Director Maggie Moreno had previously researched some items. Heather also explained the $100,000 façade grant line is a separately allocated fund and does not create a deficit within the BID’s operating account.
Members raised concerns about uneven membership fees and suggested a future agenda item to compare how other jurisdictions structure BID or membership fees. The board asked staff to provide more itemized quarterly reports so questions about past expenditures can be answered more precisely.
The board approved the financial report as presented. Staff said they would return with additional details on line-item differences and a proposal for a membership-fee review.
