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Bellaire CFO reports positive indicators in third-quarter financial update
Summary
The city's third-quarter report projects general fund revenues modestly above budget, sales tax receipts about $350,000 over adopted budget, and investments rising to about $65 million; vacancies remain (notably in police) and staff plan budget adjustments ahead of FY27 adoption.
Chief Financial Officer Terrence Beaman presented the fiscal year 2026 third-quarter financial report, describing revenue and expenditure projections and several items that will inform the FY27 budget. “We're projecting to come in about $76,000 under budget for property tax projections but sales tax is projecting about $350,000 above our adopted budget,” Beaman said, adding that franchise fees and interest income were also favorable contributors to the city’s position.
Beaman summarized personnel vacancies (about 11 open positions citywide as of June 30, including seven in police), enterprise fund projections (roughly $331,000 under budget through June 30) and the drainage utility fund’s second-year performance. He said total investments had grown to about $65 million, including a $12.5 million Harris County Flood Control District allocation that is held and invested until disbursement. Staff flagged upcoming budget items for council review, including bond sales and proposed FY27 budget adoption on the September 21 meeting.
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