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Benbrook EDC reports $175,032.55 in April revenue; board reviews liquid assets
Summary
At the May 19 meeting, staff reported April revenues of $175,032.55 and provided year‑to‑date and account balance figures. Some lines in the transcript were garbled; the article notes figures that were clearly reported and flags unclear text.
At the Benbrook Economic Development Corporation meeting on May 19, 2025, staff reported April revenue collections of $175,032.55 and provided account balances and year‑to‑date totals, staff member Ms. James said.
Ms. James reported half‑cent sales tax receipts for April of $151,677.88 and year‑to‑date sales tax collections of $746,384.31. She said the corporation’s checking account balance was $3,302,376.58 and its tax pool account balance was $4,156,056.66. Ms. James also reported interest earned on both accounts of $19,528.65, a franchise payment of $2,026.02 and industrial park sign rent of $1,800, bringing the month’s total revenue collections to $175,032.55.
Ms. James said total operating expenses for the month were $30,192.57. She described a broader “total fund balance” including encumbered funds as $4,726,623.23 at April 30, 2025.
One portion of the staff presentation in the transcript is garbled and could not be unambiguously transcribed: a line describing “total in covered funds ending in…” contains conflicting numeric fragments in the public record. That ambiguous phrase is not presented here as a precise figure.
The board did not record any vote related to the monthly financial report at the meeting; President Kent Williams offered the floor for questions, and none were recorded in the public transcript.
The financial report was presented during the public portion of the May 19 meeting prior to the executive session.
