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Argyle MDD reports roughly $90,900 year-to-date surplus; fund balance about $2.06 million
Summary
At its Sept. 2 meeting the Municipal Development District (MDD) received a staff budget report showing sales tax receipts ahead of budget, a year-to-date surplus of $90,917 and an estimated fund balance of about $2.06 million; staff said a year-end report will follow after the fiscal year closes.
The Municipal Development District of Argyle received a staff update on the MDD budget as of June 30, 2025, showing the district had collected roughly 92% of its budgeted sales tax, recorded expenditures at about 71% of budget and a year-to-date surplus of $90,917.
Harrison, a staff member, presented the financial dashboard and said the estimated MDD fund balance was "currently, around 2,062,000." He told the board the figures reflect third-quarter results and that a full year-end report required by MDD…
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