Type B board receives March 2025 financial report showing sales-tax strength, expense savings
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Summary
Finance staff told the board that March 2025 revenues were 5.9% above budget, expenses 11% below budget, the money-market balance stood at about $549,134.47, and the interest rate had fallen from 4.39% to 3.87% over the fiscal year.
Finance staff presented the Type B Board with the financial statements for March 2025, reporting stronger-than-budgeted sales-tax receipts and lower-than-expected expenses.
The presenter said overall revenue for March 2025 was “5.9% over what we budgeted from last year” and that expenses were “11% under what we budgeted.” Staff attributed part of the revenue increase to Burleson Park’s reopening, which produced about $9,000 in field rentals that boosted February (and related month) receipts.
On cash balances, staff reported a money-market balance of approximately $549,134.47 (presented in meeting as “$549,000 1 hundred and 30 4 dollars and 40 7 cents”) and noted the interest rate at the beginning of the fiscal year was 4.39% and had dropped to 3.87% at the time of the report. Staff also showed a visual chart comparing year-to-date balances and a large-line projection of the annual budget benchmark the board expects to reach ($340,000 on the presentation’s annual-budget line).
Staff said they would add monthly narrative notes to future packets explaining drivers of revenue and expense fluctuations and that they could show top payer industry categories on a map without identifying protected taxpayer names. Board members thanked staff for the presentation and the new visual summaries; no board action was taken on the financial report at the meeting.
