City of Weslaco prepares for crucial 2024 elections

The Weslaco City Commission convened to discuss several key agenda items, including preparations for the upcoming general election and financial reports for various city funds.

During the meeting, the commission approved the election order notice for the general election scheduled for November 5, 2024. This election will include positions for the single-member Commissioner District 3 and a Commissioner at Large. The motion to approve was unanimously passed following a brief discussion.

In financial matters, the commission reviewed an unaudited financial report for the period ending June 30, 2024. The general fund reported revenues of approximately $29.7 million against expenditures of $25.1 million, resulting in an operating surplus of $4.5 million. Notably, sales tax collections reached $11.2 million, while interest earnings totaled $717,000. However, the water and wastewater funds experienced a negative change in fund balance of $388,000, raising concerns about upcoming bond obligations due on August 15, which are expected to further impact working capital.

The commission also accepted a quarterly investment report for the same period, highlighting a total interest earned of $2.3 million for the fiscal year, with $593,000 attributed to the general fund. The report indicated a decrease in total deposits due to the completion of several projects, but interest earnings continued to exceed expectations.

Lastly, the commission approved a professional services agreement with Ida Bailey, CPAs, and Business Advisors for accounting consulting services, with a contract fee not to exceed $137,700. This agreement follows a competitive selection process for audit and internal control services.

The meeting concluded with all agenda items passing without opposition, reflecting a collaborative effort among the commissioners to address both electoral and financial responsibilities for the city.