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Branch Connection reports $11,401 revenue, 2% cost recovery for FY24–25 Q3
Summary
Staff told the Farmers Branch Senior Advisory Board the Branch Connection had $11,401 in revenue for the third quarter, large increases in membership scans after reopening, and quarter expenses of $470,159 that left the program with 2% cost recovery for the fiscal year so far.
The Farmers Branch Senior Advisory Board received the Branch Connection’s fiscal year 2024–25 third-quarter report Thursday, which showed $11,401 in revenue for the quarter and total quarter expenses of $470,159, staff said.
Board members were told membership-scanner entries doubled after the facility reopened, rising from about 6,000 in March to about 12,260 for the quarter that ended in June. Staff attributed much of the revenue to membership fees, renewals and trip fees and said vendor and rental fees from upcoming events (for example, an October craft fair) are expected to add revenue later in the year.
Staff describe…
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