COLDWATER, MI (WTVB) – The Coldwater Downtown Development Authority formally adopted its operational budget for the 2025 fiscal year during their meeting on Wednesday morning.
Main Street Director Audrey Tappenden said the DDA’s end-of-fiscal-year fund balance is estimated to be $138,000.
She reported the end-of-year balance as of June 30, 2022 was over $137,000, showing that the balance has been consistent following the Children’s Museum relocation and expansion project and its associated impacts spanning two fiscal years.
Tappenden added by the end of the current fiscal year, the D.D.A. will experience a net loss of revenues over expenditures but they are still in a stable position relative to the year-end balance in 2022.
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