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Finance director presents Harlingen Community Improvement Board financials showing $8.7 million ending fund balance
Summary
Finance Director Robert Bilger told the board the Harlingen Community Improvement Board had an ending fund balance of $8,708,001.68 as of April 30, 2026, with most holdings in investments and one recorded liability; the board approved the financial statements.
Robert Bilger, the finance director for the city, presented the Harlingen Community Improvement Board financial statements for the period ending April 30, 2026, and summarized the board’s assets, liabilities and fund balance. Bilger said total assets are largely held in investments and reported an ending fund balance of $8,708,001.68.
The presentation mattered because it frames how much the board can allocate to projects. Bilger noted cumulative revenues for the fiscal year to date totaled $1,589,619 (with sales tax and interest components included) and identified one liability of approximately $146,000. He also confirmed the city’s fiscal year runs Oct. 1 through Sept. 30.
Board members asked whether unallocated project reserves existed. Bilger and a board member clarified there was an unallocated placeholder of about $1,000,000 that could be assigned to projects; Bilger said, “So you could potentially have $3,700,000 for projects,” combining committed and unassigned balances as described to the board. The board discussed contingency planning and the prior budget approvals that affect available funds.
After discussion, a board member moved to approve the financial statements and the motion was seconded; the board approved the statements by voice vote.
The board took the vote to accept the April 30, 2026 financial statements and will use those figures to guide forthcoming project funding decisions.
