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Benbrook EDC reports May financials: sales tax $244,702.90; fund balance $6.83M
Summary
Director Ms. James reported May 2026 sales tax receipts of $244,702.90 and a total fund balance of $6,831,722.58 as of May 31. Monthly revenues and encumbrances were described in the director's report presented to the board.
Director Ms. James presented the ED C's monthly financial report for the period ending May 31, 2026, reporting a 0.5¢ sales tax receipt for May of $244,702.90.
Ms. James summarized May revenue components including interest income of $17,760.80 and a franchise payment of $1,191.23, bringing the total revenue for May to $263,654.93. She reported operating expenditures for the month of May of $30,597.30 and a pending project balance of $40,209.28. Ms. James stated the total fund balance as of May 31, 2026, was $6,831,722.58 and offered to answer questions; none were asked.
Board members did not request further detail during the meeting. The figures were presented as part of the director's regular report and will appear in the official financial packet provided to the board and city staff.
