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Preliminary FY25 shows $98M ending fund balance before reappropriations, sales tax up about 4%

McKinney Community Development Corporation · October 23, 2025
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Summary

Assistant Finance Director Chance Miller presented preliminary September financials showing roughly $2.6 million in revenue for the month (about $2.1 million sales tax), interest income of about $445,000, and a preliminary $98 million ending fund balance that will be reduced by reappropriations. The board discussed sales-tax trends and aligned the

Assistant Finance Director Chance Miller presented preliminary financial results for September and the fiscal-year close.

For September the CDC preliminarily recorded slightly more than $2.6 million in revenue: roughly $2.1 million in sales tax, approximately $445,000 in interest income and about $50,000 in miscellaneous receipts. Operating expenses for the month were about $70,000, projects $270,000 and non-departmental costs…

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