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Type B Board: March financials show revenue above budget, expenses below
Summary
Finance staff reported March 2025 revenues exceeded the annual budget projection and expenses ran under budget; staff provided new visuals and interest-rate tracking for the board.
Mira, a finance staff member, told the Type B Board on the March financial statement that overall revenue for March 2025 was 5.9% above budget and expenses were about 11% below budget.
Mira said part of the revenue uptick came from field rentals tied to Burleson Park’s renovation, which produced roughly $9,000 in rental income. She also reported the board’s money-market balance and showed a month-by-month movement since the fiscal year began. At the meeting she provided an interest-rate figure: 4.39% at the start of the fiscal year and 3.87% at the time of her presentation.
Mira said she has added narrative notes and charts to future monthly packets to show what drives month-to-month revenue changes and to highlight top contributing industry sectors (individual top taxpayer names were not disclosed). Mayor Heinrich asked about interest rates; Mira provided the figures and invited board feedback on the new graphs.
Board members thanked Mira for the presentation. A motion to approve the minutes and proceed with the meeting business was made and seconded and passed before the financial presentation; there was no recorded formal vote in the transcript to accept the March financial packet itself.
Mira also noted cost savings resulting from an open park maintenance position and a delayed start to the green-space agreement, which had contributed to lower expenses for the month.
The board did not take a formal vote on additional follow-up items at this time; Mira asked board members to send requests for additional visualizations through the city manager.
The board continued to other agenda items after the presentation.
