HomeMy WebLinkAbout2/1/2024 DMCC Special Public Meeting - Cover letter
To: Mark Thein, Treasurer
Kaela Brennan, Attorney
From: Jean McGann, City of Rochester Interim Finance Director
Date: January 24, 2024
RE: December 2023 DMCC Budget Summary – unaudited
The attached budget summary through December 2023 reflects DMCC operating expenditures
totaling $3.1 million of the $3.9 million approved 2023 budget. The remaining amount
unspent represents 22% of the total budget with 0% of the year remaining.
The second page of this summary provides a listing of DMCC authorized capital projects
managed by the City of Rochester and categorized by program budgets.
Approximately $11.8 million has been spent on these projects in 2023 with the majority spent
on Discovery Walk and Rapid Transit activity. Total life-to-date expenditures on all projects is
approximately $116.2 million.
As 2023 financial information is finalized, there will be adjustments to the financial
information presented.
Please contact me with any questions or concerns.