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Brownwood finance director reports surplus, rising sales tax and investment balances
Summary
Finance Director Melanie Larose reported revenues at 56.93% ($27.2M), expenditures at 54.83% ($26.2M), a net surplus of $1,004,719, ARPA balance of $315,321 and investment balances of TexPool $21.9M and TexStar $40.5M through March 31, 2026.
Finance Director Melanie Larose presented Brownwood's budgetary control and investment reports for the quarter ending March 31, 2026, reporting a fiscal position with revenues slightly ahead of expenditures and healthy investment balances.
Why it matters: The figures inform city budgeting decisions, reserve levels and upcoming spending priorities as council and staff prepare the 2026–27 budget.
Larose said total revenue collected year to date was $27,201,522 (56.93% of budget) and expenditures were $26,196,803 (54.83%), resulting in a net surplus of $1,004,719. Revenue composition shown in the presentation included Ad Valorem taxes at 28%, Sales Tax 15%, Water revenue 13% and Sewer revenue 11%. Sales tax collected year to date was $4,441,821, up $288,811 (7%) compared with budget and up $115,727 (2.7%) compared with the previous year. ARPA grant funds show a remaining balance of $315,321.
On investments, Larose reported TexPool had a balance of $21,877,103 and earned $187,260 in interest; TexStar held $40,510,830 and earned $120,441; CNB held $219,526 and earned $1,988. The presentation cited allocation percentages and a comparative investment balance analysis showing an increase in operating funds versus the previous year.
No formal action was taken; the reports were provided for council's information as part of routine fiscal oversight.
