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Board hears $5.06 million in reserves and a proposed $195,000 FY26–27 budget
Summary
A staff member told the board the hotel-motel account holds $5,056,431 in reserves and presented a FY26–27 spending plan showing $195,000 available with $69,000 proposed for grants; the report was accepted as an update and no vote was required.
A staff member summarized year-end reserves and the proposed FY26–27 budget, telling board members, "you had $5,056,431 dollars left from last year's funding." The presenter said the amount is in reserves under the board's revised resolution and that the FY26–27 packet shows a total of $195,000 available with allocations spelled out and $69,000 earmarked for grants.
Board members treated the report as an informational update and did not take action to change the resolution; one member praised the local focus of the spending plan as improving the board's ability to help local businesses and events.
