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Kennedale EDC reviews finances, town center repairs, EV charger grant and 9/11 memorial plans
Summary
EDC staff reported March finances (sales tax $356,000; fund balance just over $2 million), updated the board on repairs and lease issues at Town Center Building 1, described a COG-managed EV charger grant and confirmed plans for the 25th 9/11 memorial and challenge coins.
EDC staff presented the March financial report and updates on the Town Center and other community initiatives during the May 11 meeting.
John reported sales tax revenues of $356,000 to date — about 34% of the annual budget — and said rental fees were at 48.1% while EDC operations were at 50.2% of budget. He told the board the EDC’s fund balance is just over $2,000,000, which he characterized as approximately 331 days of reserve (about 90%).
Th…
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