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DURA fund balance falls to roughly $245,000 after purchases and unbudgeted costs
Summary
Dillon Urban Renewal Authority staff reported the DURA fund has declined after recent real-estate purchases and unplanned costs, leaving an estimated balance of about $245,000 and prompting calls to slow spending and clarify the fund's purpose.
At a Dillon Urban Renewal Authority work session, staff reported the DURA fund has been reduced substantially after real-estate purchases and unplanned costs, leaving a projected balance of roughly $245,000.
"When I reviewed the juror expenditures and the amount of money that was spent in the last year, we have significantly decreased the balance in this fund," Carrie said. She told the board the beginning-balance amendment for 2025 showed a decrease of $293,000.
Staff listed a number of added expenditures — an unbudgeted topographic survey, a tenant-facade program, asbestos testing and tenant payouts tied to recently acquired buildings — and an increased legal-fee projection. After those adjustments, staff said, the fund's projected balance is approximately $245,000.
One board member cautioned that "the spending needs to slow the spending down," noting heavy outlays in 2026 that will reduce available funds. Staff urged the board to consider the DURA fund's intended purpose during an upcoming retreat and to give direction on priorities.
The work session included no formal votes. Staff said they will continue to refine revenue and expenditure forecasts and bring options for the board's consideration at a later meeting.
