Weslaco accepts quarterly investment and unaudited financial reports, approves workers’ comp out‑of‑network option

The Weslaco City Commission on Aug. 5 accepted the quarterly investment report for the period ending June 30, 2025, and accepted unaudited financial statements for the same period.

Finance staff reported roughly $1.9 million in interest revenue for the quarter, with $533,321 allocated to the general fund. The unaudited reports showed a positive change in the general fund balance of $5.7 million and revenues to date of $31.6 million (about 82% of the proposed budget); sales tax collections were reported at $11.9 million. Staff noted the water and wastewater funds reflect a negative variance of about $659,863 and that the airport fund is operating with a negative net change due to capital projects awaiting grant reimbursements.

Separately, on a procurement motion, staff recommended and the commission approved selecting the Texas Mutual out‑of‑network workers’ compensation option (estimated annual premium $384,503) as the best and most practical choice. Staff said the in‑network option—though lower cost on paper—has very limited provider availability locally (only about two in‑network doctors in Weslaco), making timely care difficult.

Why it matters: The investment and financial reports indicate the city’s near‑term fiscal position and available reserves; the workers’ compensation decision balances premium cost against provider availability and timely access to care for injured employees.

What they said: "The city has received about $1,900,000 in interest revenue for the quarter," the finance presenter said. The risk manager noted the in‑network option had too few local doctors and staff recommended the out‑of‑network plan despite slightly higher cost.

Next steps: The commission accepted and filed the reports; staff will continue monitoring cash flows and grant reimbursements for capital projects.