HomeMy WebLinkAboutBudget FY2026-2025-08-27FY2026 BUDGET (OCTOBER 01, 2025 - SEPTEMBER 30, 2026)
Meridian Development Corporation
FY2026 Budget
Operating Revenue
Property Tax Revenue - Downtown District 2,000,000
Funding Carryover from FY25 - Downtown District 9,328,561
Property Tax Revenue - Ten Mile District 2,900,000
Funding Carryover From FY25 - Ten Mile District 1,038,721
Property Tax Revenue - Union District without
ACHD TIF 97,598
Property Tax Revenue - Union District ACHD TIF
Only 14,583
Funding Carryover from FY25 - Union District
without ACHD TIF 12,444
Funding Carryover from FY25 - Union District
ACHD TIF 15,981
Property Tax Revenue - Northern Gateway
without ACHD TIF 157,778
Property Tax Revenue - Northern Gateway ACHD
TIF Only 23,576
Funding Carryover from FY25 - Northern Gateway
District without ACHD TIF 202,448
Funding Carryover from FY25 - Northern Gateway
District ACHD TIF 53,728
Property Tax Revenue - Linder District without
ACHD TIF 167,791
Property Tax Revenue - Linder District ACHD TIF
Only 25,072
Funding Carryover from FY25 - Linder District
without ACHD TIF 109,272
Funding Carryover from FY25 - Linder District
ACHD TIF 17,401
Interest Earnings 75,000
TOTAL REVENUES and AVAILABLE CASH 16,239,954$
Contractual Obligations:
Professional Services
Administrator Services - Downtown District 80,386
Administrator Services - Ten Mile District 25,176
Administrator Services - Union District 2,593
Administrator Services - Northern Gateway
District 19,448
Administrator Services - Linder District 1,269
Public Relations/Marketing - Downtown District 7,500
Public Relations/Marketing - Ten Mile District 7,500
Legal Services - Downtown District 44,701
Legal Services - Ten Mile District 14,420
Legal Services - Union District 1,442
Legal Services - Northern Gateway District 10,815
Legal Services - Linder District 721
Legislative Services - Downtown District 21,000
Legislative Services - Ten Mile District 15,750
Audit Services - Downtown District 9,500
Audit Services - Ten Mile District 9,500
Accounting Services - Downtown District 21,080
Accounting Services - Ten Mile District 6,800
Accounting Services - Union District 680
Accounting Services - Northern Gateway District 5,100
Accounting Services - Linder District 340
305,721
Operational Expenses
ICRMP-Insurance Premium/Claims 4,811
Partnerships - Valley Regional Transit 6,758
Partnerships - City of Meridian, Concerts on
Broadway 10,000
FY2026 BUDGET (OCTOBER 01, 2025 - SEPTEMBER 30, 2026)
Meridian Development Corporation
FY2026 Budget
Irrigation Taxes - COMPASS/VRT Property 300
Legal Notices / Publications 2,000
Grounds Maintenance - Compass/VRT Property 7,000
30,869
ONGOING EXPENSES:
Accounting Software Maintenance/License 4,620
Parking Lot Maintenance - COMPASS/VRT 6,500
General Electronics Expense -
Website/Zoom/Email Storage Fees 3,000
General Office Expenses 1,000
Meeting Expenses 500
Boise Chamber Leadership Conference 3,200
Postage & Mailings 200
Bank Fees 500
19,520
Total Contractual Obligations 356,110
Revenues less Contractual Obligations 15,883,844
DISCRETIONARY EXPENSES:
Operational Expenses
Marketing/Promotional/Publications 1,000
Training and Meals 5,000
Dues and Subscriptions 6,000
SUBTOTAL OPERATIONAL EXPENSES 12,000
Project Expenditures
Owner Participation Reimbursement to Brighton
Corporation - Ten Mile District 2,610,000
Ten Mile Revenues - MDC's 10%1,249,880
Owner Participation Reimbursement to MKA, LLC
(Keller Associates) - Downtown District 40,000
Special Projects - Downtown District 8,821,700
Special Projects - Union District 39,877
Special Projects - Union District ACHD TIF 30,564
Special Projects - Northern Gateway District 269,863
Special Projects - Northern Gateway ACHD TIF 77,304
Special Projects - Linder District 274,733
Special Projects - Linder District ACHD TIF 42,473
Destination Downtown - Downtown District 25,000
Destination Downtown - Northern Gateway District
5,000
Nine-Mile Floodplain - Downtown District 2,000,000
Façade Improvement Program - Downtown
District 250,000
Façade Improvement Program - Northern
Gateway District 50,000
Façade Improvement Program - Union District 65,450
Meridian Chamber Sponsorship - Oktoberfest -
Downtown District 20,000
SUBTOTAL CAPITAL EXPENDITURES 15,871,844
8% Reserve Based on Estimated Revenues
(Downtown District Only)-
TOTAL EXPENDITURES 16,239,954
NET -