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Fair Oaks Ranch receives unmodified audit for FY 2024-25

Fair Oaks Ranch has been recognized for financial excellence and is reporting a clean audit for fiscal year 2024-25. Jon Watson, certified public accountant with BrooksWatson & Co., presented the audit to the City Council on March 19.

The breakdown: Watson said the audit came back unmodified, which is the highest level of assurance the city could receive.

In the FY 2024-25 audit, the total assets exceeded total liabilities by around $42.61 million, and the city increased the net position by $2.99 million.

Overall, governmental revenues increased to around $12.21 million, up $300,000 from the prior year at around $11.91 million. These revenue sources do not include funds from water, wastewater or other budgets.

The largest revenue source was property taxes, accounting for 63% of government revenue, while sales taxes accounted for 16%. Total governmental expenditures were around $10.41 million, up from the prior year’s expenditures of around $9.93 million. Public safety made up 40% of total government expenditures.

 
In Your Community
Locally-owned senior living facility doubles in size with expansion project

A San Antonio-based senior living facility is getting ready to finish an expansion project that will nearly double its overall capacity.

What’s happening? BeeHive Homes of Crownridge—a senior living facility located in northwest San Antonio—is currently constructing a new building that will double its capacity, Jordan Sikora told Community Impact.

It’s located at 6919 Camp Bullis Road, next to the Pinnacle Montessori school, and is expected to open in June or early July.

The new assisted living center will feature 24 beds—adding to the 16 that were already available prior to expansion, according to its website.

Diving deeper: BeeHive Homes of Crownridge is owned and operated by the Sikora family, according to their website. The company was incorporated back in 2018, according to the Better Business Bureau.

The new facility will feature several new amenities:

  • Private rooms
  • Shared dining and community areas
  • Wide hallways
  • Barrier-free design

According to their website, the facility will be an alternative for those who prefer smaller nursing homes or assisted living facilities.
  • 6919 Camp Bullis Road, San Antonio
 

Your Weekend To-Do List

Check out these weekend events across the metro area.

Art for Autism

Baseball for Babies

March 28, 11 a.m.-4 p.m.
San Antonio

March 28, 2 p.m.
Boerne

Learn more.

Learn more.

 

Spring Egg Hunt

Spring Fever Fest

March 28, 10:15 a.m.-noon
New Braunfels

March 28-29, times vary
San Antonio

Learn more.

Learn more.

 
To submit your own event, click here.

From The Latest Issue
2 banks, 2 coffee shops: 4 businesses now open in Boerne this spring

Check out these new businesses that have opened in the Boerne and Fair Oaks Ranch area so far this spring.

Selah Café Coffee + Market
The new, New York-style cafe and corner market features a full espresso bar, breakfast sandwiches, baked treats and more.

  • 616 N. Main St., Boerne

Chase Bank
This nationwide banking chain offers banking services from checking accounts, savings accounts, loans, investments and financial education, according to the business website
  • 441 W. Bandera Road, Boerne

Chase Bank: Lemon Creek Ranch
A second Chase Bank location opened in the Boerne area, this time near Fair Oaks Ranch at the Lemon Creek Ranch shopping development across from H.E.B.
  • 10049 Lemon Creek Blvd., Ste. 101, Boerne

Pit Stop Cafe
Previously a franchise location of Scooter’s Coffee, baristas offer customers a full espresso menu featuring iced and hot coffee, tea and more, according to their website. There’s also a new selection of dirty sodas.
  • 1 FM 3351, Ste. 150, Boerne
 

Your local team

Sierra Martin
Managing Editor

Heather Demere
SATX Market President

Email [email protected] for story ideas, tips or questions.

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