The Levelland EDC Board of Directors met in a regular meeting on Friday.
The board held a budget work session at the beginning of the meeting. The EDC will end this fiscal year with an estimated cash balance of $690,513. They are looking at estimated total revenues for 2013-2014 of $485,765 with estimated expenditures of $419,300. The proposed budget is a conservative budget.
The board also reviewed financial reports for the month of June. The EDC had sales tax collections up 4%. They also reported 286 rail cars through the rail park for the month of June.
The board met in executive session to discuss pending projects, no action was taken from that meeting.