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Fulshear Development Corporation approves January 2025 payables
Summary
The Fulshear Development Corporation board voted to approve the corporation's financial statements and payables for the period ending Jan. 31, 2025. Board members described the sales tax receipts as unusually strong but did not provide source-level detail.
The Fulshear Development Corporation voted to approve the corporation's financial statements and payables for the period ending Jan. 31, 2025.
Board members discussed recent sales-tax remittances before the vote, noting that collections received in March for January activity were "up 43% from the same period the previous year," and represented 38.5% of the budget at 33% of the way through the fiscal year, according to a staff report presented at the meeting. Staff said it had tracked the increase to a specific source but said the underlying data could not be shared.
The board made and seconded a motion to approve the payables for the period ending Jan. 31. The chair called the vote and the motion carried.
No formal dollar-by-dollar rollup or a vote tally by individual board member was recorded in the public discussion beyond the motion being approved. The board did not direct staff to take additional action on the January financials during the public discussion.
