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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 bylaws will be provided after the fiscal year closes.
The presentation noted the MDD has collected approximately 92% of its budgeted sales-tax revenue and that expenditures were about 71% of budget. Harrison singled out economic incentive grants: the amended budget called for $225,000 but 2025 actuals showed $100,000 categorized to a specific Little Joe's Farmstead economic assistance application; year-to-date actuals for incentive grants were $247,500 when totaling awards for Cactus Canyon, Little Joe's, $40,000 for the Town Center project and $7,500 for FAC Aesthetics.
Board members asked whether the monthly sales-tax figure shown for June should be annualized and about revenue volatility. Harrison and other staff said sales tax receipts lag by roughly 60–90 days; the amount reported for June reflected receipts the comptroller delivered in June for April activity. Staff noted seasonal peaks (for example, higher activity around holidays) but said overall the current trend was higher than the original budget estimate.
Harrison said one unpredictability is the delay in receiving sales-tax revenue when a new large retail or other sales-tax-producing entity comes online; annexations and comptroller reporting can add further lag. He told the board the month-to-month numbers are useful but the year-end report will provide more complete detail.
The board did not take action on the report. Members asked follow-up questions and staff said they would provide the scheduled year-end report required by the MDD bylaws.
