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Bandera EDC adopts 2025–26 budget projecting $461,500 revenue and modest surplus
Summary
The board adopted the 2025–26 budget that projects $461,500 in revenue (sales-tax allocation plus interest) and a modest projected surplus of $10,142; staff recommended keeping the surplus in the fund balance.
At its special meeting the Bandera EDC adopted the proposed 2025–26 budget after a workshop-style review. Allison (S5) explained the approach: budget to current-year-projected revenue rather than spending CDs or fund balance, and she projected $436,500 in sales-tax revenue plus $25,000 in interest income for total revenue of $461,500.
Line items included $10,000 for administrative costs, $3,500 for audit fees and $10,000 for legal. S5 said land-improvement allocations were reduced to $80,000 (from $150,000 in prior planning) because no spending occurred last year. After accounting for project line items the draft shows expenses of $451,357, leaving a projected revenue-over-expense amount of $10,142. The staff recommendation was to retain that surplus in the fund balance.
A motion to adopt the 2025–26 budget was moved and seconded; the board voted to adopt. Staff noted the City Council must also adopt/approve the EDC budget per local code before it becomes effective. The board asked staff to place the budget on the next City Council agenda and to finalize the draft language and figures prior to council consideration.
