Abilene-Taylor events board keeps 50/50 venue-tax split, accepts audit and approves budgets

The Abilene Taylor County Events Venue District on Aug. 25 voted unanimously to maintain a 50%–50% split of the district’s 2% venue tax between Frontier Texas and the Taylor County Expo Center, accepted the district’s audited financial statements for the year ending Sept. 30, 2024, and approved revised fiscal 2025 and proposed fiscal 2026 budgets.

The board’s action followed presentations from Taylor County Expo Center director Rochelle Johnson and Frontier Texas executive director Jeff Salmon, and a staff review of the audited financial statements by Marjorie Knight. Knight told the board the auditors issued a clean opinion and reported total assets of $267,000, total liabilities of $205,000 and a net position of $62,284. She said total revenues were about $3,401,000 and total expenditures were about $3,376,000, leaving a net increase in net position of $25,786; hotel occupancy tax revenues were “almost $1,300,000,”…