Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
BCDC reviews FY2026–27 budget; staff project higher fund balance and increased salary line
Summary
Director Haidt and the finance director presented a first review of the BCDC proposed FY2026–27 budget: FY25 ending fund balance $11,472,542 and projected FY26 year-end $13,361,614; staff recommended a 6% sales-tax revenue increase projection and reported proposed salaries plus benefits of $726,269 for FY27.
Director Haidt and Karen, the BCDC finance director, presented the board's first review of the proposed FY2026–27 budget and invited board feedback before a final August submission.
Karen told the board they ended FY25 with a fund balance of $11,472,542 and that staff currently project ending FY26 with a fund balance of $13,361,614. She said sales tax was the primary revenue source: the FY26 budget had assumed $2,600,000 and FY25 actual sales tax receipts were about $2,880,000; based on recent data staff recommended increasing sales-tax expectations by roughly 6% for FY27.
Thomas (staff) and Haidt addressed contract and personnel cost questions. Staff confirmed a contract-related payment to the city is budgeted at $539,998 (greater than a previously cited $277,000 figure), and Karen reported salaries plus benefits proposed for the BCDC in FY27 total $726,269. Haidt walked through proposed line items including $33,000 for Primitive Park maintenance (held pending future decisions), advertising and promotions (up to 10% per EDC code), subscription services (Place AI $18,900; Market Bee Cave website/domain $7,650), and a $2,000,000 earmark tied to a Kent's Porch agreement related to the backyard project.
Board members asked for a follow-up on Primitive Park and were informed that more discussion would occur in executive session. No action on the budget was requested at this meeting; staff will return with a revised draft in August for formal adoption by resolution and referral to city council.
