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Hollywood Park EDC approves January financial statement; board discusses TexasCLASS investment
Summary
The Hollywood Park Economic Development Corporation approved its financial statement for January 2025 and discussed moving funds into a TexasCLASS account to capture higher interest rates. The board heard account balances, revenue breakdowns and a plan to keep a $10,000 checking reserve.
The Hollywood Park Economic Development Corporation approved its financial statement for the month ending Jan. 31, 2025, after a presentation by Fred, the city treasurer. The board voted to accept the minutes and the financial report during its Feb. 6 meeting.
The report presented by Fred listed total cash of $755,000 and a net worth of $790,000. He said the statement showed total revenues of $16,008.38 for January, broken down as $14,002.62 in sales tax and…
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