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Bee Cave EDC, City Council review strategic plan and fund balance; staff outline timeline
Summary
City staff presented an overview of the Bee Cave Development Corporation (EDC/BCDC) fund balance, revenue outlook and schedule for a strategic plan; the bodies set a timeline for draft and adoption and reviewed major existing commitments including the Kent Sports agreement.
On March 25, 2025, a joint session of the Bee Cave Development Corporation (BCDC) and the Bee Cave City Council heard a budget and strategic-plan briefing from city staff outlining the EDC fund balance, known commitments and a timeline for completing a draft strategic plan.
Julie (staff member, finance) told the bodies that “at the end of fiscal year 24, there was $9,100,000 in fund balance,” and described the EDC’s near-term revenue assumptions and commitments. She said the annual sales-tax revenue budget for the EDC this year is $2,600,000 and that interest income recorded last year totaled $527,000; staff budgeted roughly $425,000 of interest for the current year. Julie said the combination of sales tax and interest leads to an anticipated annual revenue total of just over $3,000,000 but stressed those are preliminary estimates.
The briefing…
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