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Lilburn DDA reports $213,237.19 balance after April property sale transfer
Summary
City Manager Simpkins told the DDA the fund began April with $72,302.79, recorded routine expenses and received a $144,914.31 General Fund transfer tied to the sale of 243 Main Street, producing an ending balance of $213,237.19.
City Manager Simpkins reported the DDA's April 2026 financials during the May 13 work session, saying the fund began the month with $72,302.79 and ended with $213,237.19 after expenses and revenues were recorded. Expenses cited included a $79.75 reimbursement to DDA Chair Mark DeArmon, a $45.16 Georgia Power bill, $5,480 paid to DoveTail for engineering services on the assemblage and $3,375 to Terra Alma for consulting on the assemblage.
Revenues noted by Simpkins included $5,000 from CRC Restaurant Group for rent for the bus and a $144,914.31 transfer from the General Fund described in the minutes as tied to the sale of 243 Main Street. Those items left the DDA with an ending balance of $213,237.19 for April. The figures were presented for board review; no amendments or corrections were recorded in the minutes.
