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Cedar Park Type B reports $10.4M unaudited year-end fund balance; holds Lakeline path funds pending CAMPO decision
Summary
At its Jan. 14 meeting the Cedar Park Community Development Type B Corporation reviewed unaudited FY2024 results showing $11.6M in sales tax receipts and an unaudited ending fund balance of $10.4M, discussed project reimbursements and savings, and voted to approve meeting minutes.
Cedar Park Community Development Type B Corporation on Jan. 14 reviewed unaudited fiscal year 2024 results and project updates that leave the fund with an unaudited ending balance of roughly $10.4 million and several project funds held pending outside grant decisions.
Erica Solis with the finance department presented the quarter 4 financial report, saying, “Just to keep in mind, these are unaudited numbers.” Solis told the board the Type B half-cent sales tax for the year totaled $11.6 million, about 0.4% over the year-to-date budget projection and slightly higher than the June 30 variance the board saw earlier (about 0.10% over). The corporation’s FY2024 revenue budget was $11,550,000; the FY2024 amended expense budget was $11,400,000 after $1.4 million in midyear…
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