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Benbrook EDC director reports April revenues, assets and encumbrances
Summary
Director Ms. James reported April 2026 receipts of $182,765.90 in sales-tax revenue (0.5¢ share), calendar-year collections of $852,542.35, liquid assets of $7,320,885.03 and encumbered project funds of $562,482.89; the board raised no questions during the presentation.
Director Ms. James presented the board's monthly financial report for the period ending April 30, 2026, providing detailed revenue, asset and encumbrance figures. "For the month of April, the board did receive $182,765.90 for your portion of the 0.5¢ sales tax revenue," Ms. James said. She reported calendar-year collections of $852,542.35.
Ms. James gave account-level details: a checking account balance of $2,994,856.99 and a tax-pool account balance of $4,326,028.04, which she said brought total liquid assets for April to $7,320,885.03. She reported interest income of about $17,371.50 and a franchise payment of $1,688.95, putting total revenue for the month at $201,826.07. Reported operating expenses were $34,606.53; pending project encumbrances totaled $527,876.36, producing total encumbered funds of $562,482.89. Ms. James stated the board's fund balance for the period as $6,758,402.14 and offered to answer questions; none were raised in the transcript.
