CFO reports July and August financial snapshots; August shows bond proceeds driving revenue spike
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Summary
Balch Springs’ chief financial officer summarized July and August financial results, noting the July general fund revenue at about 78.8% of budget and an August spike driven by a $13.3 million bond issuance; the council requested copies of the presentation materials.
Tan Beatty, the city’s chief financial officer, presented financial results for July and August 2025.
For July the CFO reported general-fund revenues at roughly 78.8% of budget and expenditures at about 64.1% of budget, noting sales tax timing and transfers as factors affecting percentages. Utility fund revenues were reported at about 80.2% with expenditures at roughly 57.3%. For August the presentation showed a marked revenue increase largely driven by a $13.3 million bond debt issuance that raised the general fund percentage; staff noted other routine variances (two-month sales-tax lag, timing of contributed capital and transfers) would true up over following months. CFO Beatty said detailed pages and bank-balance information were included in the council packet and would be posted to the finance page online; councilmembers requested printed copies at the meeting.
Councilmembers asked clarifying questions about budget-percentage columns and the CFO confirmed that the percent columns compare year-to-date actuals with the adopted annual budget. No formal action or vote was taken on the financial reports; the CFO said staff would provide the materials on the website and in printed form for council.