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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.