Angleton board reviews ABLC, rec-division finances and flags revenue shortfall
The Angleton Better Living Corporation received year-to-date financial reports showing REC divisions mostly in the black but an ABLC revenue shortfall tied to lower sales tax; staff projected transfers and dedicated grant funds would leave ABLC with just over $800,000 after closeout.
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The Angleton Better Living Corporation on Oct. 14 reviewed year-to-date financial statements and fund balances for the ABLC and recreation divisions and heard staff warn of a near-term sales-tax-related revenue shortfall.
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