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Angleton Better Living Corporation reports healthy reserves after accounting corrections, notes sales-tax shortfall
Summary
ABLC staff reported an unaudited ABLC fund balance of about $824,000, a contingency of $295,000 and corrections that added roughly $431,000 from the Angleton Recreation Center; staff also said sales-tax-driven revenues came in below projections, leaving a roughly $100,000 shortfall versus earlier expectations.
The Angleton Better Living Corporation reviewed year-to-date financials and fund balances at its December meeting, with staff reporting an unaudited ABLC balance of about $824,000 and contingency funds that leave the corporation on track to meet its reserve target.
Staff member (Speaker 3), who presented the report, said an accounting adjustment moved about $431,000 from the Angleton Recreation Center into ABLC’s fund balance to correct prior transfer errors. Speaker 3 also told the board that sales-tax-driven revenues fell short of budget projections; staff described the shortfall as roughly $100,000 compared with the figures used when the budget was set.
Why it matters: ABLC’s 25% reserve target was calculated at about $603,000 on an ABLC budget of roughly $2.4 million; the presenter said current unaudited balances exceed that target and provide flexibility for projects or contingencies.
Speaker 3 outlined transactions that preserved about $185,000 in ABLC funds when the city did not take the full 50% personnel-offset transfer previously discussed. He also reviewed program-level results: the father–daughter dance and senior-program registration were lower than expected, but senior programs ended slightly positive, and the recreation division expected to transfer roughly $74,000 into reserves after year-end adjustments.
Board members praised staff for controlling costs and keeping projects on track while noting the need to be cautious because sales tax is ABLC’s primary revenue source. Speaker 1 (Chair) and others asked that staff continue monthly or quarterly reporting; staff said the figures are unaudited and will be finalized when the books close. The meeting included a procedural voice vote to approve the minutes from Sept. 2, 2025.
Looking ahead: Staff asked the board to consider funding priorities in February after final bid and cost numbers for capital projects are available, and emphasized the contingency and fund balances will provide some flexibility if revenues remain below targets.
