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Euless wins 35th consecutive GFOA budgeting award; finance staff reports half‑year figures
Summary
Finance staff accepted the Government Finance Officers Association distinguished budget award for the 35th consecutive year and presented the quarterly financial report for the period ending March 31, 2026, showing operating fund balance increases and general fund revenue and expense metrics.
City staff announced that the Government Finance Officers Association awarded the distinguished budget presentation award to the City of Euless for the 35th consecutive year. Janina Jewel (presenter) and Ross Fairclough noted the award recognizes high‑quality budget documents and thanked staff and department heads for their work.
Janina Jewel presented the quarterly financial report for the period ending March 31, 2026. She reported that the city's operating fund balance increased from roughly 116,000,000 to 131,000,000 in the first six months of the fiscal year, and the general fund had collected approximately 78% of projected revenues while expending about 46% of budgeted amounts so far. The water and wastewater fund had collected 46% and expended 52% of its budget, respectively. The Texas Star Golf Course rounds were about 1,000 (5.4%) below budget year‑to‑date but produced modestly higher average fees and a net gain year‑to‑date after expenses and depreciation.
Jewel closed by asking if council had questions; the council thanked finance staff for their work. The presentation was informational; no formal votes were tied to the report.
