City of Harlingen
What to Know:
- The city of Harlingen ended fiscal 2024-25 with a record $41.3 million fund balance and $66.5 million in revenue, both up from the prior year.
- An independent audit gave the city a clean opinion and found no instances of noncompliance tied to internal controls, signaling sound financial management.
- The city’s $37.4 million unassigned balance could cover about 191 days of operations, though officials said they are watching risks tied to retirement costs and state limits on property tax revenue.
The city council OK'd project funding that wasn't part of the city's regular budget.
City officials were alerted early Monday morning to a breach, which is under state investigation.
Leaders discussed planning at a recent council meeting in which funding came into question.
