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EDA approves proposed 2026 budget after numeric correction

Madelia Economic Development Authority · August 25, 2025

Summary

The EDA approved the proposed 2026 budget after staff corrected a numeric error in account 014700 (line 6131), changing the figure to 73,500; the board moved and approved the corrected budget by voice vote.

Staff identified a numeric correction in the 2026 proposed budget: line 6131 in account 014700 should read 73,500 (not 77,175 as originally presented). After the correction, a committee member moved to approve the proposed budget and the motion was seconded and approved by voice vote.

Staff clarified that the correction did not change the overall budget policy direction for the EDA and that the corrected line-item would be included in materials forwarded to the council. The board’s vote authorized staff to present the corrected budget to the next council action as appropriate.

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