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MEDC approves December financials, adopts supplemental policies and approves four executive-session projects
Summary
The McKinney Economic Development Corporation board approved its December 2024 financial statements, adopted supplemental policies and procedures, and approved four projects following an executive session on Feb. 18, 2025.
The McKinney Economic Development Corporation board on Feb. 18, 2025 approved its December 2024 financial statements, adopted updated supplemental policies and procedures and took action on four project items after returning from executive session.
The board voted to approve the December financials, which staff said included roughly $2.1 million in reported revenues for December (the majority from sales tax) and year-to-date revenues of about $6.5 million. Chance Miller, accounting manager, reported monthly expenses of approximately $918,000 and year-to-date expenditures slightly over $3.0 million. Miller told the board that sales tax for the month of December (applied to October sales) rose 8.6%, producing a 4.7% increase year to date for the first quarter.
Board members moved…
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