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Kennedale EDC reports solid reserves, flags $800,000 remodel at former Dollar General
Summary
Finance staff reported a roughly $2.0 million EDC fund balance (about 329 days of reserve) and identified a planned remodel of the former Dollar General with a total-year cost estimate around $800,000; members asked for updated figures and clarifications on variances.
Finance staff presented the EDC financial report, telling the board that as of Dec. 31 sales-tax revenues were pacing slightly ahead of last year and that the EDC fund balance was "a little bit over $2,000,000," representing about 329 days of reserves.
Board members asked for an updated fund-balance figure for February; the finance presenter said month-end closing entries had not been posted and the number would be…
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