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MDD board approves clean audit, reviews quarterly finances
Summary
The Fair Oaks Ranch Municipal Development District board heard a quarterly finance report showing steady collections and investment balances, and unanimously approved Brooks Watson & Companys clean FY2025 audit at its Jan. 14 meeting.
The Fair Oaks Ranch Municipal Development District (MDD) Board of Directors on Jan. 14 reviewed its quarterly financial and investment report and voted to accept the independent audit for the fiscal year ended Sept. 30, 2025.
Summer, the districts finance presenter, told the board that sales tax collections for the quarter included $46,000 for October and an accrued $105,000 covering November and December, and that interest earnings for the quarter totaled $38,501. Year-to-date expenditures were $36,846, driven mainly by the annual management…
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