Development News for Balch Springs, Texas

April 2026 Financial Report Shows General Fund Revenues Exceeding Expectations, Expenditures Below Budget

The City Council received a financial report for April 2026. The general fund shows revenues exceeding budget projections for property tax, licenses, permits, fees, and fines, though contributed capital transfers are below budget, resulting in the general fund being at 72.98% of its budgeted amount. Expenditures are below budget at 40.46%. Various other funds, including utility, special revenue, capital improvement, vehicle replacement, debt service, TIF, and EDC funds (Type A and B), also had their revenue and expenditure percentages reported for year-to-date performance. The report indicates most funds are operating within expected financial parameters for the period.

City of Balk Spring Fiscal Year 2025 Audit Completed with Unmodified Opinion, Deadline Missed

The City Council reviewed the fiscal year 2025 financial audit presented by Weaver and Tidwell LLP. The audit revealed that the city did not meet the statutory 180-day deadline for submission, primarily due to challenges with payroll reconciliation, transition to the OpenGov system, and resolution of historical accounting and utility billing matters. Despite the delay, the auditors found no material weaknesses, significant deficiencies, or non-compliance issues in the financial statements or federal awards. The city plans to implement earlier audit preparation, enhanced software support, and an earlier audit schedule to meet the deadline in the upcoming year. Weaver and Tidwell will issue an unmodified opinion for both the financial statement audit and the federal single audit.

March 2026 Investment Report Shows City Portfolio Valued at $71.5 Billion

The City Council received the quarterly investment report for March 2026. The city's total investment portfolio had a beginning balance of approximately $65.3 billion in January, increasing to $71.5 billion by the end of March. This total is comprised of $36.5 billion in cash and $34.9 billion in investment pools. The report also details the balances for EDC Type A and Type B funds. EDC Type A had a beginning balance of $4.7 million in January and an ending balance of $4.6 million, primarily held in cash accounts. EDC Type B had a beginning balance of $3.6 million in January and an ending balance of $3.5 million in March, with $110,000 in an investment pool and the remainder in cash accounts.

City Council Honors Late William Freeman for 25 Years of Service and Impact

During the Public Comments section, Ms. Kerry Marshall spoke, thanking the City Council and staff for their service and valuing their contributions. She also paid tribute to the late Mr. William Freeman, describing him as a solid, respectful individual who treated people with respect and had a significant positive impact on the city during his time at Dallas County Water Control and Improvement District number six and throughout his career. She expressed hope that his legacy would live on. Following this, Mayor Pro Tem Salau yielded to Councilmember Hill, who offered further remarks about Mr. Freeman. Councilmember Hill emphasized Mr. Freeman's 25 years of service, his role as a leader, mentor, and problem solver who cared deeply about the city and its residents. Mr. Freeman's dedication, professionalism, integrity, and wisdom were highlighted as impactful, contributing to the city's growth and improvement. His legacy is seen in the city's infrastructure and services, and his kindness and respect for people are remembered. The council acknowledged the loss of a devoted public servant.