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Township staff outlines $105.7M in fund balances, $100M bonding capacity and performing‑arts study progress
Summary
Finance director Monique presented the township’s reserve structure, debt profile and hotel‑tax reserves, noting $105.7 million in total fund balances, about $3.9 million undesignated and an estimated $100 million bond capacity; she also reported hotel‑tax monies and a funded Phase 2 performing‑arts study.
The Woodlands Township’s finance team told the Board of Directors the township held roughly $105.7 million in total fund balances and has bond capacity the staff estimates at about $100 million, while identifying $3.9 million in undesignated funds and about $8.8 million in a hotel‑tax reserve that staff and the board have set aside for economic development projects.
“Total, the township has, fund balances equal to about $105,000,000,” Monique said during a detailed financial briefing that reviewed reserves, contractual obligations and the township’s debt profile. She identified the township’s largest reserve categories as a capital replacement reserve (about $34.7 million) and an…
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