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McAllen adopts midyear budget adjustments; charter‑amendment election cost recorded and quarterly investments reported
Summary
The McAllen City Commission on June 9 approved a midyear budget adjustment that accounts for a failed property sale and increased health‑insurance expenditures, and recorded a negotiated $181,000 cost for a charter amendment election.
The McAllen City Commission on June 9 approved a midyear budget adjustment that reflects lower-than-expected revenue from an uncompleted property sale and an increase in appropriations largely tied to the city’s health insurance fund. Commissioners also recorded a negotiated cost of $181,000 for the recent charter‑amendment election.
City staff told the commission a planned sale of the Parks Administration Building did not occur, producing a revenue shortfall in the current fiscal-year projections. The largest appropriation increase in the midyear adjustment, staff said, is related to the health insurance fund—an item the commission previously authorized and that required additional appropriations at midyear.
Charter amendment election cost: Commissioners discussed the cost of the charter amendment election and confirmed on the record that the city’s negotiated share of that election expense was $181,000; staff said an earlier rough estimate had been higher (about $240,000) but the final figure was negotiated with Hidalgo County election officials.
Quarterly investment report: Sonia, the city staff member presenting the quarterly investment report, told the commission that for the quarter ending Dec. 31, 2024 the city’s portfolio had an ending book value of $484,526,680 and a weighted average yield to maturity of 4.29%. Sonia said the report was reviewed by the audit/investment committee on May 29 and that the committee recommended its approval; the commission accepted the report.
Other budget items: Staff confirmed the Hunter Recreation Building remains listed for sale. The midyear adjustment otherwise contained a mix of routine reallocations and a small number of items the city manager offered to discuss if commissioners had questions.
Votes and follow-up: The commission voted to approve the midyear budget ordinance. The investment report was accepted on a separate motion after the audit committee’s recommendation. No additional budget appropriations beyond those described were authorized at the meeting.
