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EDC financial report: February sales tax above forecast; year‑to‑date expenditures trending higher
Summary
The bedc finance director reported February sales tax exceeded projections by $64,000 and total revenues exceeded projections by $84,000; year‑to‑date expenditures were $985,000 over projection driven by capital project contributions and TA/MOCA payments; staff will bring a budget amendment in April.
The Bastrop Economic Development Corporation board received the monthly financial report for February 2025 on March 17 and heard that sales tax and total revenues outperformed the month’s projections while expenditures exceeded projections.
The finance director reported sales tax exceeded projections by $64,000 for February and total revenues exceeded projections by $84,000; expenditures exceeded projections by $42,000 for the month, primarily because of capital project contributions and a community action payment that affected the monthly comparison. The presenter said…
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