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Bellaire CFO: city remains structurally balanced; third-quarter report flags new drainage fund and pending state funding
Summary
Bellaire’s CFO reported the city is structurally balanced through the third quarter of FY2025, highlighted stronger-than-expected water revenues, noted that the drainage utility fund is still normalizing and said staff is planning for timing uncertainty around $54 million in state drainage funding.
Terrence Beaman, Bellaire’s chief financial officer, presented the city’s third-quarter financial report for fiscal year 2025 (period Oct. 1, 2024–June 30, 2025), telling council the city is “structurally balanced” and on track to meet its 60-day reserve requirement for several years.
Beaman said the general fund is projected to close the year about 2% over the adopted budget and “we're projecting to end the year about 3% under the adopted budget” on expenditures, in part because of vacancy-driven savings. He highlighted that as of Aug. 1 the number of vacant positions had fallen from 11 to 7 and noted public safety vacancies were low — “there was only 1 vacant police officer as of August 1.”
On enterprise operations Beaman said water revenues are projecting roughly 5% above…
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