[This transcript was generated automatically from audio using AI and hasn't been reviewed by a person -- it can contain mistakes, including plausible-sounding sentences that were never actually said. Treat it as a starting point, not a verbatim record.]

[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.