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<br /> Joint Development Authority <br />TCAAP Redevelopment Project <br />Joint Development Authority <br />TCAAP Redevelopment Project <br />AGENDA ITEM 8b <br /> <br />MEMORANDUM <br />DATE: April 7, 2025 <br /> <br />TO: Joint Development Authority Board of Commissioners <br /> <br />FROM: Directors Jagoe and Mitchell <br /> <br />SUBJECT: Review Draft 2026 Budget <br /> <br />Per the JPA, the JDA should begin the process of drafting a budget for the following year by May 1st. <br />Attached is a draft budget for 2026 in the format prescribed by the JPA. Below is a review of past <br />budgets and actual expenditures from 2023-2026 in a simplified budget format. <br /> <br /> 2023 2024 2025 2026 <br />JDA Expenditures Approved <br />Budget Actuals Approved <br />Budget Actuals Approved <br />Budget <br />Proposed <br />Budget <br />Public Finance <br />Consultant $ - $ - $ 60,000 $ 49,500 $ 60,000 $ 60,000 <br />Legal $ 60,000 $ 30,468 $ 60,000 $ 21,515 $ 60,000 $ 60,000 <br />Communications and <br />Community Engagement $ 170,000 $ 24,661 $ 50,000 $ 19,899 $ 50,000 $ 50,000 <br />Green Energy Consultant $ - $ - $ 125,000 $ 196,778 $ 92,750 $ 200,000 <br />Insurance $ 2,035 $ 2,035 $ 2,035 $ 2,038 $ 2,500 $ 2,500 <br />Meeting Expense $ 3,600 $ 3,600 $ 3,600 $ 4,012 $ 3,600 $ 3,600 <br />Contingency $ 5,000 $ 809 $ 5,000 <br /> $ <br />- $ 5,000 $ 5,000 <br />Total $ 240,635 $ 61,574 $ 305,635 $ 293,741 $ 273,850 $ 381,100 <br /> <br /> <br />Attachment: <br />None <br /> <br />Action Requested: <br />None <br /> <br /> <br />