Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Res 107-2025 4B_FY2026Budget 09/16/2025
Resolution No. 107-2025 Resolution approving the Wichita Falls Type B Sales Tax Corporation's annual budget for fiscal year 2025-2026 WHEREAS, Texas Local Gov't. Code § 501.073(a) provides "The corporation's authorizing unit will approve all programs and expenditures of a corporation and annually review any financial statements of the corporation"; and, WHEREAS, on September 4, 2025, the Wichita Falls Type B Sales Tax Corporation's Board of Directors approved the attached 2025-26 Budget. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: The programs and expenditures of the attached Fiscal Year 2025-26 Budget of the Wichita Falls Type B Sales Tax Corporation are hereby approved. PASSED AND APPROVED this the 16th day of September, 2025. MAYOR ATTEST: City Clerk r 1- _. City or Wichita Fans,Tuc 6J+x ii,(.7?.x- 4B Sales Tax Corporation `J Financial Summary Current as of September 5,2025 FY 2024 FT 2025 FY26 Ficaiscd Proposed Proposed VT Actual VT Actual' Budget Budget Budget Beginning Fund Balance110/1) S 9,511,344 S 14,010,789 S 14,131,571 5 14,131,571 $ 11,333,947 REVENUES Sales Taxes $ 5,284,1150 $ 5,109,174 5 5,128,610 5 7,if=#..0119 5 'i.111,i,3:i Iriteresr 471200 95-4,818 917,000 b77,74.3 5',4.I:7 Reimbursement ITIF u1'i 359,707 359,707 359,341 - Parklrrg Garage Lean - 1,500 - - - Total Revenues 16,114,957 6,425,799 6,404,951 4,568,252 5,725,807 EXPENDITURES Annual Programs Lsebt Seance-Projects TrallfLandfflrlog Range{Ref.2018-2029)Series 2018E 454,900 454,9011 455,000 454,500 Castaway Cove Water Pk 120 10-20 2 5)Series 2021 TaKable 101,762 101,762 102,141 - - tl F. e2/Flhea Road(2011-2031)Series 2021 lax Exempt 208,781 208,781 207,894 - 208,200 WF MunicipaI Airport 12013-20:13) 140,000 1451,000 14o,on0 - 14t},{b:Hl TIF dl7 Maplewood 17015-70261 5erie52015A 209,707 709,707 209,341. - 208,845 Gall Renovation(2015 2026}Series 201513 3.24,936 324,936 325,762 320.788 MPEC Conference Center (2022.2050) 946,359 946.359 947,734 947,734 947,699 Ddwrlto...Pi I'.:r.ernent Grants 250,000 141.i4 250,000 62,333 250,000 CVB Incei.I F,acing 35,000 35,000 35,000 35,000 35,000 Profess,:n:, I i.,....&Advertising 4,000 8,323 10,000 - 10,000 Ourr-;-., s :1'1,,rS Insurance 5r0o0 7,15g S,bt92 6,013 6, 30.:1C 30,a ,, 31,500 - 33,030 ,uu r,a .. „• ..al Program '.. :u1"0 • - - Annual Pro6rarrisTotal 2,735,445 2,608,499 2,719,372 1,051,081 2,614,532 Original Open Projects AWVa 713 Indiana LLC 250,000 166,667 83.7.'e 83,334 - 83,334 Bicycle Lanes 100,000 112,650 t3R, ',i' 23,700 - 23,7'00 5AFR COnSkilt.r',t(7476) 219,000 219 000 77,000 147,000 77,000 75,000 Sport.Complex improvements 397,000 197,000 118,552 78,448 - 78,448 Circle Trail Match(Camp Fire to Lucy Park) 760,688 760,688 1.7,972 742,716 95,177 647,538 SAFB BASH 198,000 398,000 99,500 298,500 298,500 MSU Student Success&Military Education 1,000,000 - 1,000,000 YMCA Aquatrc Center 1,360,000 906,667 451,113 SAFn Strobe tight Repair Project 500,000 - 500,SxN1 The Falus Water Study 129,508 - 129,508 Sikes Senter Acq uisiti on 3,500,000 3,500,000 cloy Nat Wool Building Renev at.4ns 104,100 - 104,100 Chamber•Retail Attraction Program 82,500 82,900 42,000 Chamber-Engage Sheppard Program 40,000 40,000 36,000 Charnber Downtown Marketir't 8 7:4:v^.IU:+m1ta't - 200,000 Open Project Tel gpp1,92.4,688 1„854,005 480,307 RAM AN 1,201,144 3,171,442 City of51VfF Falk.,TX 4H S.ile,TA IC( cpllfiliOf Fir 2i,r.1]I Summary Curient as of September 5.2025 FY 2024 fT 202S MI F726 H N..iieri +ropt)�eC erDpmpri YT D Ac to„i1 YID Actual e.uegel 3urige'i Budget Beginning F iid Ha Ian Le I'.011 5 9,SL7 ;44 5 10,01t,71L9 4 L4,1ii.5.Li S. L4 3 1.571 5 1i.1 pal 00sL6t1 Projects MPEC Conf.Center(Architect) 456,477 2,646 MPEC Hotel I]e.elaper 2,000,000 2,000,000 2,06t5000 The Kate/Petroleum BulldIng 1,017,192 1,013,192 1,01 r,060 - . S&A LLC 616 Indiana 69,556 59,556 69.456 Restoring the Raft 0604 7th) 22,350 77:350 - 22,350 - Restoring the Past 1606 7th) 49,000 49.Ot70 - 49,000 - District 5 Park Imprcrrernenb 112,000 26,00S 26,405 - Chelsea Plaza 1804 Lamar' 13(,001 138,991 138,991 Ice CntriFwy(L4ndACfjusIL1I'ion) 835,400 14.:1%.„000 63 R34,917 743,33n River bend Nature Center 214,000 )t0,0i0 21O,000 210,000 FFotel by the Falls()erne) 381,OCx5 387,850 City of NaP god Turf Protect 2,100,000 2,100,000 Fiatter'n Hundred Start Line Arch 4X100 IOW CC Closed Projects Total 1.111.,.1.- 4„r.;101 3r1:!":71L 3,711,7 1 3,4a> 1 r,0 Taal ExpIrditUre$ L.IyF,:1i t. 1?'�i. 11.5"• L } .-,1'h .. + 1J5.i." Re+rlsHHPSLkssERperl1ltures l2,842,587' 247,728 {8,170,, '=',333} COI , -. LeSi open Prajert5 1,371`af 6,3.3R,IF,2 Less Budgeted Annual Programs not yet Spent! 1 t --,- 1.938:71 UnresU'icted Fundl3ttlance ' .-ra' ••31 } :a 137 k:3 ti 3.'it.,.;J7: 4 ',.113,il-. ri'S.;ni