The Texas Board of Professional Engineers and Land Surveyors convened for their Regular Quarterly Board Meeting on February 16, 2024, where key discussions included financial updates and ongoing building renovations.
The meeting began with the approval of the consent agenda, which included several routine items that were accepted without individual discussion. Board members then moved on to review quarterly activities, with no additional comments from advisory members.
A significant portion of the meeting focused on financial and budget matters. The board's finance officer reported a positive variance in revenue and expenses for the first quarter, with a 2% positive variance in revenue as of January. The officer noted that expenses were on track with the budget, despite some increases due to filling vacancies in the agency.
Looking ahead, the finance officer indicated that a midyear analysis of revenues and expenses would be conducted, with projections for the end of the fiscal year to be shared in May. The board does not anticipate any fee changes for the upcoming budget year, as current projections suggest sufficient funds to maintain operations.
The discussion also included updates on the agency's building renovation project, which is currently with the Texas Facilities Commission for contractor selection. The board expects construction to begin by April, and confirmed that initial expenses for the renovation are within budget.
Additionally, the board addressed a recent transaction involving the Texas Department of Transportation, which required an additional 350 square feet of property for a highway project. This transaction has been completed, and the board received $30,000 for the land, which will be allocated for future building or IT needs.
Overall, the meeting highlighted the board's financial stability and progress on infrastructure improvements, setting a positive tone for the upcoming months.