This article was created by AI using a video recording of the meeting. It summarizes the key points discussed, but for full details and context, please refer to the video of the full meeting.
Link to Full Meeting
The Benbrook Economic Development Corporation (BEDC) held its regular board meeting on July 21, 2025, where key financial updates and procedural approvals were discussed. The meeting commenced with the approval of minutes from the previous session, which passed without any amendments.
During the director's report, Ms. James presented the financial report for June 2025, highlighting a significant half-cent sales tax revenue of $187,853.88, contributing to a total collection of $1,189,017 for the year. The board's checking account balance stood at $3,408,402.78, which included an interest payment of $4,925.49. Additionally, the tax pool account totaled $4,185,993.92, leading to total revenue collections for June reaching $208,910.14. Operating expenses for the month were reported at $31,092.05, resulting in a total fund balance of $4,864,249.70 as of June 30, 2025.
The meeting also included a closed executive session to discuss real property matters, as permitted under Texas law. No actions were taken following the executive session, and the meeting was adjourned shortly after.
This meeting underscores the BEDC's ongoing commitment to transparency and fiscal responsibility, as it continues to manage and report on the economic health of Benbrook. The financial figures presented indicate a stable economic environment, which is crucial for future development initiatives in the community.
Converted from Benbrook - Economic Development Board - Jul 21, 2025 meeting on July 21, 2025
Link to Full Meeting