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Friendswood Downtown EDC adopts 2025–26 budget; election of officers postponed
Summary
The Friendswood Downtown EDC approved a proposed 2025–26 budget projecting more than $1 million in sales‑tax and interest revenue and a projected ending fund balance of about $3.93 million; the board postponed its annual officer election and received updates on lighting and public‑art projects.
The Friendswood Downtown Economic Development Corporation voted to approve a proposed 2025–26 budget at its Tuesday, September 9 meeting and postponed the annual election of officers until the next regular meeting due to several absences.
Chair Rebecca introduced the budget item and Stephen (city staff) reviewed projected revenue and fund balances. Stephen told the board the projection includes over $1 million in sales‑tax and interest receipts for the coming fiscal year; he said staff anticipates an ending fund balance of approximately $3,930,082 "subject of course to any expenditures or anything that come up along the way." The board moved to approve the budget as presented; members voted in favor.
The chair also proposed postponing the board’s annual election of officers because three members were absent; a motion to delay the election to the next monthly meeting was made and seconded and carried. The minutes of the August 12 meeting were approved earlier in the session by a recorded 4–0 vote.
Staff provided two operational project updates: an illumination project and an electrical‑box public‑art program. Stephen reported Pfeiffer & Sons completed a substantial‑completion walk on the lighting work with only a small punch list remaining; as‑built drawings were supplied and staff is working to secure easements for six locations before final closeout. On the Keep Friendswood Beautiful electrical‑box art program, Stephen said all boxes have been painted, clear coated and toured by Parks and project closeout is forthcoming; staff reported neighborhood interest has followed the program.
Stephen also presented the August financial report. The transcript records a beginning balance number that appears to be mis‑transcribed (quoted as "$2,807,807,141"), and staff later summarized an unencumbered August ending balance of $2,783,916; the board asked clarifying questions about line items and branding/signage payments.
Next meeting: the board set its next regularly scheduled meeting for Tuesday, October 14 at 4 p.m. and asked staff to prepare the police department’s camera proposal for an October follow‑up.
