DDA Does Routine Budget Maintenance

At its June 1, 2011 meeting, the board of the Ann Arbor Downtown Development Authority approved revisions to its current fiscal year’s budget in order to square it up with recent decisions it’s made, including the ratification of a new contract with the city of Ann Arbor, under which it would continue to manage the city’s parking system. The DDA board ratified its side of the contract on May 27. The city council voted to ratify it on May 31.

The regular rectifying of the approved budget with the actual expenditures takes place every year. It included a host of other adjustments not directly related to the new parking contract.

This brief was filed from the DDA offices located at 150 S. Fifth Ave., where board meetings take place, at noon on the first Wednesday of the month. A more detailed report of the meeting will follow: [link]