Harlingen Community Improvement Board approves financial statements ending June 30

The Harlingen Community Improvement Board unanimously approved the board—inancial statements for the period ending June 30 following a presentation by Robert Rodriguez, finance director for the City of Harlingen.

Rodriguez told the board the balance sheet showed total assets of $7,201,783 and that the majority of that amount was held in cash and cash equivalents. He said $181,006.83 was listed as a cash receivable representing property taxes due from the state, and total liabilities were $146,018. Rodriguez reported a month-to-date receivable for sales tax and $365 in interest income. He said cumulative sales-tax receipts to date were $1,702,000 and that the fund had paid $200,000 for contracted spay-neuter services approved in the budget.

Rodriguez identified several project balances and reserves the board has on hand: a convention-center debt payment of $605,469 scheduled for Aug. 15, remaining funds for a hike-and-bike trail ($13,788), remaining funds for Tony Butler Golf Course ($26,086) and funds shown for Lisonbee Hill Destination Park Phase 2 ($1,104,085). He also told the board there were no expenditures for the month reported against the fund aside from the items noted.

Board members asked clarifying questions about timing and next steps; no changes were made to the statements. A board member moved to approve, a second was called, and the board voted unanimous, 5-0, to accept the June 30 financial statements as presented.

The board did not authorize any new spending as part of this vote; Rodriguez described the report as a routine periodic presentation and said the city would pay the convention-center debt on the date shown.