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Benbrook council accepts May finance report showing revenues ahead of expenditures
Summary
City finance director reported fiscal year-to-date general fund revenues of $23,820,552 and expenditures of $17,683,536 through May 31, 2026; council voted to accept the report.
Finance Director Mr. Overgaard presented the city’s finance report for the period ending May 31, 2026. He told the council general-fund fiscal year-to-date revenues were $23,820,552 (89.8% of budget) and expenditures $17,683,536 (65.1% of budget), leaving revenues exceeding expenditures by $6,137,016.
Overgaard provided a breakdown of May receipts: property tax $64,600; franchise tax $141,601; permits and fees $45,956; fines and forfeitures $41,707; charges for services $112,446; interest $82,513; miscellaneous $1,745; and sales tax $395,290. He noted fiscal year-to-date sales tax totaled $3,289,925, 5.4% higher than the same point last year. He also summarized capital-projects and investment balances (city investments reported at $38,783,699; EDC investments $7,292,529) and recommended council accept the report.
Mr. Phillips moved to accept the finance report; the motion was seconded and carried. The council recorded the acceptance with no further discussion in the transcript.
