Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Council approves consent agenda 6–0; finance director reviews FY2025 audit filing and forecast
Summary
The council approved consent agenda items 4–7 by a 6–0 vote and received a financial update from Aaron, the director of finance/assistant city manager, reviewing FY2025 audit filing, fund balances and FY2026 forecast. The Hilltop water plant presentation that followed was informational; no action on the project was taken.
The City of Mineral Wells council approved the consent agenda (items 4–7) unanimously after a motion and second were recorded; the chair announced the motion passed 6–0.
Aaron, identified as the director of finance and assistant city manager, presented a financial update that reviewed the FY2025 audit filing, the city’s FY2025 actuals, and the FY2026 forecast. He said the city filed the annual audit with the city secretary and uploaded required disclosures to the Municipal Securities Rulemaking Board (MSRB) and that the general fund began FY2025 with an unassigned fund balance of $8,147,469. Aaron walked the council through revenues, expenditures, and the 90‑day expenditure requirement and noted the FY2026 forecast columns in the packet.
The financial briefing concluded without formal council action. The agenda then moved to a longer presentation by HDR on the Hilltop Water Treatment Plant; that presentation was informational and elicited extended council questions about cost, contingency and timing but no vote.
The council also received notice of an upcoming agenda item to consider a resolution adopting a city expense and expenditure policy (Item 10); no discussion of that resolution appears in the provided transcript excerpt.
