EDC financial report: sales tax growth and June/July revenue

Chance Miller, Assistant Director of Finance, presented June and July 2026 financial statements to the board and noted the EDC collected "a little under $2,300,000 in revenue" in June and similar figures in July, with most revenue from sales tax. He said June expenditures were close to $4,400,000 driven largely by project-related spending and incentives, and that year-to-date sales tax growth is approximately 5.5%.

Miller walked through sales-tax-by-industry data (retail trade up 5%, food services up about 9%) and noted an audit-related negative item previously discussed. After questions, the board moved to approve both months' financials and the motions passed by voice vote.