Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Financial Statements topic
No spam. Unsubscribe anytime.
Harlingen 4B board adopts financial statements; fund balance shown at about $9.1 million
Summary
City finance staff presented 4B board financial statements showing a reported repayment payable of $146,018 and a total fund balance of $9,135,593; the board unanimously adopted the statements for the period ending 06/30/2026.
Robert, the board's finance representative, presented the financial statements for the period ending June 30, 2026, reporting a repayment payable of $146,018 and a total fund balance of $9,135,593. He said roughly $3.7 million of the fund balance was unassigned and described revenue sources and current investment practice.
Board members asked about interest rates and cash management. Robert said much of the board's cash is placed in a sweep account and cited current yields in the mid-3% range; the board moved to adopt the statements and approved the motion unanimously.
