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Finance director: city collected more than $8 million in property taxes through January; reserves remain strong
Summary
Finance Director Sherry Roberts told the Glenn Heights City Council that year-to-date property-tax receipts exceeded $8 million (93.51% of expected), sales-tax receipts were up versus a three-year rolling average, and general fund reserves were described in days of operating coverage; she also reported on an RFQ evaluation and upcoming audit work.
Sherry Roberts, the City of Glenn Heights finance director, delivered the January 2026 financial report at the Feb. 17 council meeting, saying the city had collected more than $8,000,000 in property taxes year to date and that property-tax receipts represented about 93.51% of expected revenue for the period.
Roberts said the city's three-year rolling average comparison showed a monthly sales-tax increase of about 7.5% and that year-to-date expenditures for the general fund were running just under the budget target of 33.33%. She reported unassigned general-fund reserves equivalent to roughly 442 days and said the utility fund had about 139 days of reserves; Roberts noted drainage and other special funds were being monitored and that special funds are restricted to specific uses such as park development fees.
Roberts also updated the council on the RFQ for advisory services, saying an evaluation committee interviewed three firms and began negotiations with one; she said the agreement will be before the council for approval in March. Auditors were expected the following week and staff continues work on an online budget book and right-of-way reimbursements for the Bear Creek project.
