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ABLC reviews year-to-date financials; rec center fund balance elevated by grant and seasonality
Summary
Staff presented updated year-to-date financial statements for the Angleton Better Living Corporation’s recreation divisions: sales-tax revenue is modestly up year-over-year, the recreation center’s fund balance is elevated because of a dedicated grant, and staff expects summer expenses and revenue to peak over the coming months.
Angleton Better Living Corporation staff presented updated year-to-date financial statements and fund balances for the Recreation Division, the Angleton Recreation Center and ABLC’s accounts, noting modest year-over-year sales-tax growth and several timing factors that affect visible balances.
Sales-tax trend: staff reported that sales-tax receipts remain positive year over year but with smaller month-to-month gains; Susie…
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