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DDA reports $484,358.23 fund balance as it completes cloud transition
Summary
At its Jan. 14 meeting the Gladwin Downtown Development Authority reviewed financials showing a $484,358.23 fund balance, said there are no outstanding warrants, and noted an ongoing transition of records to cloud‑based accounting.
The Gladwin Downtown Development Authority reported a fund balance of $484,358.23 during its Jan. 14 meeting.
Angela Bigham presented the financial report, saying the authority had no outstanding warrants and is progressing with a transition of its financial records to cloud‑based systems. "There is a fund balance of $484,358.23," Bigham said when summarizing the report. The board took no formal action on the financial report beyond the regular acceptance of the item for the record.
The financial update was discussed alongside other agenda items including a proposed façade grant program and outreach work; the DDA did not allocate new funds at the meeting. The board requested continued updates as staff implement the cloud transition and monitor cash flow.
