Agenda
Transcript
AI TRANSCRIPT
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[0:03]
Well, good evening, everyone, and welcome to the Benbrook Economic Development Corporation's
[0:08]
regular board meeting for December 15, 2025. I call the meeting to order at 7 p.m.
[0:16]
First Order of Business tonight will be Citizens Public Forum. It's an opportunity for citizens wishing to make
[0:22]
a comment on any agenda item. It's an opportunity to do so. Do we have anyone tonight?
[0:30]
No one tonight.
[0:31]
So with that, we'll move on to our next agenda item,
[0:34]
which will be to approve the November 17th, 2025
[0:37]
regular board meeting minutes.
[0:40]
The board has had an opportunity to review those minutes.
[0:42]
And if there are no other questions or comments concerning the minutes,
[0:46]
I'll ask for a motion to approve.
[0:55]
Mr. Casey.
[0:56]
I make a motion to approve the meeting minutes
[0:58]
from the regular board meeting of November 17th, 2025.
[1:02]
Thank you.
[1:02]
Is there a second,
[1:07]
Ms. Melton?
[1:08]
I'll second the motion.
[1:09]
We have a motion and a second.
[1:12]
And with that, we'll proceed with the vote.
[1:35]
And the motion to approve the minutes passes.
[1:44]
We'll move on to the next agenda item tonight,
[1:46]
which will be the director's report.
[1:49]
At this time, I'll ask Ms. James to provide our financial report
[1:53]
for the period ending November 30th, 2025.
[1:58]
Thank you, Mr. President.
[2:00]
The board did receive $151,529.69 for the month of November for your half-cent sales tax revenue.
[2:11]
This brings your total collections for your calendar year to $2,127,308.12.
[2:22]
In terms of liquid assets for the month, the board does have their checking account as well as their investment account.
[2:28]
Your checking count balance as of 1130 equals $3,347,070.15.
[2:37]
In addition, your investment account balance was $4,260,227.93.
[2:46]
This brings your total liquid assets for the month of November to $7,607,298.08.
[2:55]
Your revenue for the month of November included your sales tax revenue, as well as your interest
[3:01]
earned on both of your accounts of $18,880.36, as well as your franchise payment fee of $1,224.42.
[3:12]
This brings your total revenue collections for the month of November to $171,634.47.
[3:23]
The expenditures for the board for the month of November include your total operating expenses
[3:29]
of $27,786.
[3:33]
Your pending project balance of $1,551.76 in addition to your operating expense brings
[3:46]
brings your total encumbered funds for the month to $1,579,671.92.
[3:56]
So if you look at your overall fund balance as of November 30, 2025, it includes your
[4:02]
liquid assets of the $7,607,298.08, as well as your encumbered funds of $1,579,671.92,
[4:15]
which brings your total fund balance to $6,027,626.16 and with that I'll be happy to answer any questions that the board might have.
[4:27]
Thank you, Ms. James. Are there any questions from our board members?
[4:32]
Alright, thank you.
[4:33]
The next agenda item was to be an executive session and there is a change tonight's agenda.
[4:39]
And an executive session is no longer required tonight and as a result has been canceled.
[4:47]
So without the executive session, we'll move on to our next agenda item, which is adjournment.
[4:53]
And with that, I adjourn the Bembrick Economic Development Corporation's regular board meeting
[4:57]
at 7.04 p.m.