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Benbrook EDC reports $7.38 million in liquid assets; June sales tax receipts $197,644.83
Summary
Director Ms. James told the board that June sales tax receipts allocated to the BEDC were $197,644.83, bringing calendar-year collections to $1,294,890.08; total liquid assets were reported at $7,380,406.48 and the fund balance at $6,917,040.93.
At the July 20 meeting the BEDC’s director, Ms. James, presented the financial report for the period ending June 30, 2026, including monthly revenues and balances for the board to consider.
"For the month of June, the board did receive, for your portion of your 0.5¢ sales tax, dollars 197,644.83," Ms. James said. She reported calendar-year sales tax collections of $1,294,890.08. The board’s checking account balance was reported at $3,028,055.90 with a tax pool account balance of $4,352,350.58, bringing total liquid assets to $7,380,406.48. June revenues included $17,398.61 in interest and a $1,098.26 franchise payment, for a total monthly revenue figure recorded as $216,141.70. Operating expenses for the month totaled $33,156.27; encumbered funds were listed as $463,365.55, and the overall fund balance was reported as $6,917,040.93.
Ms. James offered to answer questions from the board; none were recorded in the public portion of the transcript. These figures were presented immediately before the board moved into a closed executive session.
The report provides the board’s most recent liquidity and encumbrance figures; the transcript does not show line-item backup or any multi-year projections in the public discussion.
