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Council approves consent agenda; finance director outlines March finances, EDC balances and telecom franchise history
Summary
The council adopted the consent agenda (minutes, March financials, quarterly investment report). The finance director reported general fund year-to-date revenue exceeding expenses, EDC balances in TexPool and PlainsCapital, and noted House Bill 1777 standardized telecom franchise-fee calculations.
Hollywood Park — Council approved the consent agenda, including the minutes from the April meeting, acceptance of financial statements as of March 31 and the quarterly investment report.
The finance report provided month- and six-month figures: March revenues in the general fund were reported at $207,000 and monthly expenses of $433,000, producing a net negative for the month; for the six months ended March 31 the finance director…
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