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Argyle MDD approves FY 2025–26 budget with $80,000 projected surplus; board flags retail consultant contract and IT costs for review
Summary
The Argyle Municipal Development District approved its FY 2025–26 budget at the July 1 meeting. Staff projected roughly $650,000 in revenue, $869,000 in expenditures and an $80,000 surplus before any additional MDD contribution to the town center pre‑construction request. Board members asked for follow‑up on Retail Strategies, Fulcrum IT costs and
The Argyle Municipal Development District on July 1 approved its FY 2025–26 budget after discussion about contracted services, vendor agreements and line‑item details.
The board approved the budget as presented. Town Manager Mike Sims described the summary numbers: roughly $550,000 in anticipated sales tax, about $100,000 in interest income and total projected revenue near $650,000; staff presented total proposed expenditures of about $869,000 and a projected surplus of roughly $80,000 for FY26 before any potential MDD contribution toward police building pre‑construction.
Board members examined several line items during the discussion. Items raised included:
- Retail Strategies: a contract that budgets $45,000 per year under a three‑year agreement. Several board members said they want a fuller review of performance and local fit and asked staff to return with options. At the meeting staff said the contract is terminable with approximately 30 days’ notice and noted the second contract year has been paid; the next payment would be in June 2026 if the board continued the relationship.
- Fulcrum and IT costs: Board members asked for a breakdown of IT and video‑streaming costs (Fulcrum) allocated to the MDD to determine whether alternate procurement could save money.
- Memberships and sponsorships: The board debated value of memberships (Metroport, Argyle Business Association, Alliance Development Forum, TEDC) and asked staff to evaluate whether to maintain or reduce specific line items.
Several board members said the budget is close to final and could be adjusted later if the board chooses to drop particular memberships or reallocate contractors. Town staff noted that unspent budgeted dollars would boost reserves at year‑end, but that specific transfers or new expenditures would require board action.
Action taken: A motion to approve the MDD FY 2025–26 budget passed by voice vote (aye/nay called; no roll‑call tally recorded in the transcript). Staff will forward the approved budget to town council for its consideration.
Ending: Board members asked staff to return with more information on Retail Strategies, Fulcrum cost allocations and a sales‑tax breakdown used for revenue projections before the next budget cycle.
