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Brownsville commission acknowledges third-quarter financial report showing $47.9M ending general-fund balance
Summary
The commission acknowledged the city's third-quarter financial statements for the period ending June 30, 2025. Staff highlighted $31.2 million in sales-tax collections through May, $63.9 million in property-tax collections, and $14.9 million in landfill revenue through the reporting period.
Brownsville — The Brownsville City Commission on Thursday acknowledged the city's third-quarter financial statements and cash-investment report for the period ending June 30, 2025.
Steven Muse of the finance department presented highlights: general-fund revenues and transfers were approximately $103.1 million against expenditures and transfers of about $100.9 million for the period; sales-tax collections through May totaled roughly $31.2 million; property-tax collections totaled about $63.9 million; and the landfill generated about $14.9 million in revenues through the reporting period. Muse reported an ending general-fund balance of approximately $47.9 million, of which about $38 million was unassigned (the staff-referenced 90-day reserve level).
Muse also summarized other funds and investments: the city reported approximately $245 million invested across demand accounts, money-market accounts, public-funds pools and U.S. Treasury holdings, with a weighted-average yield in the range staff described after excluding certain mandated accounts. Revenue timing and grant-reimbursement schedules were noted as reasons some fund balances fluctuate; community-development balances that appear negative were described as grant-reimbursement timing items that will be trued up at year end.
The commission moved to acknowledge the report; the motion passed unanimously.
