The city of Highland Village received an unmodified opinion, the highest possible rating in the annual comprehensive financial report for fiscal year 2024-25, according to an audit from accounting firm Pattillo, Brown & Hill at a March 24 City Council meeting.

Zooming in: The audit showed the city’s unassigned general fund balance, which is uncommitted money the city can use at its discretion, dropped by roughly $700,000, from $9.3 million in FY 2023-24 to about $8.6 million in FY 2024-25.

City policy dictates that the fund balance cover at least 20% of annual general fund expenditures. The $8.6 million fund balance covers about 36% of the city’s $23.6 million in general fund expenditures, surpassing the requirement, according to the audit.

Expenditures increased by about $800,000 over FY 2023-24, partially driven by city staff raises, road improvement projects and city facilities renovations.

Beauty clinic LaserAway opened a new location in Highland Village in late March, a company representative said.

The company offers several beauty treatments, like laser hair removal, Botox injections, tattoo removal and scar removal, according to the company website.

LaserAway operates several locations in North Texas, including locations in Grapevine, Plano, Frisco and Prosper, per the website. The business opened its first location in California in 2005, and now operates more than 100 locations in the United States.

• 1400 Shoal Creek Ste. 150, Highland Village

For nearly 30 years, Speedway Children’s Charities has had an impact on nonprofits in the region through various sporting events, most notably the annual NASCAR race weekend at Texas Motor Speedway.

That is the largest single-event fundraiser for the nonprofit, which provides aid to children in need in Tarrant, Collin, Denton and Dallas counties, said Marissa Chaney, executive director of Speedway Children's Charities' Texas chapter.

Zooming in: Last year, the Speedway Children’s Charities’ Texas chapter, or SCC-Texas, awarded $250,000 in grants to 37 nonprofits throughout the region. Chaney said there were 165 requests submitted, and the board of directors looked through each application. Chaney said the awards range from $5,000-$20,000, depending on the specific project requested, and are for a specific project rather than operational funds.

The details: Texas Motor Speedway will host a trio of races from May 1-3. A live auction, a legacy shop with memorabilia and a 50-50 raffle are all part of the fundraising efforts during race weekend.

• 3545 Lone Star Circle, Fort Worth

Election season is just around the corner with races at the local, county and district level. In other news, a $40 million community park is set to be completed this summer in Frisco while the city of Plano is planning to establish a nonprofit hub. 

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