The document records a special board meeting of the Development Corporation of Harlingen held on August 12, 2026, where members reviewed and discussed FY 2025‑2026 budget amendments and the preliminary FY 2026‑2027 budget. No formal actions were taken on the budget items during the meeting, and the board entered an executive session to discuss litigation, real‑estate, and CEO personnel matters before adjourning. The agenda includes detailed tables showing adopted and amended revenue and expenditure figures for FY 25‑26 and the proposed numbers for FY 26‑27, highlighting significant reductions in revenues, large cuts to business incentives and capital projects, and a shift toward higher other financing uses.
| Total revenues (amended FY 25‑26) | $9,683,108 |
| Total expenditures (amended FY 25‑26) | $8,240,573 |
| Excess revenues over expenditures (amended FY 25‑26) | $1,442,535 |
| Ending cash balance (amended FY 25‑26) | $16,442,425 |
| Direct business incentives (amended FY 25‑26) | $473,397 |
| Grand Entrance at Roosevelt (amended FY 25‑26) | $907,657 |
| Other financing uses (amended FY 25‑26) | $2,408,053 |