During the recent Benbrook City Council meeting, financial updates highlighted the city's fiscal health and ongoing projects. The discussion centered on the debt service fund, economic development, and capital projects, providing insights into the city's financial management.

In August, the debt service fund reported revenues of $3,147, all sourced from property taxes, with no expenditures recorded for the month. The next debt payment is scheduled for February 1, 2026, indicating a stable timeline for financial obligations.

The Economic Development Corporation (EDC) showcased strong fiscal performance, with year-to-date revenues reaching $2,391,315, which is 104.1% of the budget. Expenditures totaled $1,305,413, or 36.9% of the budget, resulting in a surplus of $1,085,902. This positive financial standing suggests effective management and potential for future investments in community development.

In the capital projects fund, August revenues amounted to $8,663, derived from stormwater utility fees, mineral lease revenue, and interest. However, expenditures exceeded revenues by $736, primarily due to costs associated with the low water crossing project. Despite this shortfall, officials assured that sufficient funds remain available, as the capital projects fund operates on a project basis rather than a strict fiscal year.

The city currently holds investments totaling $33,070,743, while the Economic Development Corporation has $7,698,636 invested. These figures reflect a robust financial strategy aimed at supporting ongoing and future projects.

City staff recommended that the council accept the financial report for the period ending August 31, 2025. The meeting concluded with an invitation for questions or clarifications from council members, emphasizing transparency and engagement in the city's financial matters. Overall, the discussions underscored the city's commitment to sound financial practices and proactive project management, setting a positive tone for future developments.