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Sep 12, 2024 · Related development

AEDC register records the $4 million 'TT SVM Facility Const #5 of 5' payment

The AEDC's account register for fiscal 2024 lists a $4,000,000.00 payment from its Projects Fund account on September 12, 2024 described as "TT SVM Facility Const #5 of 5", the same day as a $4,000,000.00 "transfer AEDC project funds" deposit. The fiscal 2023 register lists a $4,000,000.00 "Record 2023 TTU SVM Wire" on September 12, 2023. The City's annual reports put the AEDC's cumulative payments toward the first $30 million at $26 million by September 30, 2023 and $30 million by September 30, 2024.^[1]^[2]^[3]^[4]

Amarillo Economic Development Corporation (AEDC)Texas Tech University System

Downtown & development

What the sources say

✓ Verified
The AEDC's account registers list a payment of $4,000,000.00 dated September 12, 2023 described as "Record 2023 TTU SVM Wire" and a payment of $4,000,000.00 dated September 12, 2024 described as "TT SVM Facility Const #5 of 5", both from the AEDC Projects Fund bank account. Each matches the $4 million increase in cumulative payments reported in the City's annual reports for fiscal 2023 ($22 million to $26 million) and fiscal 2024 ($26 million to $30 million). ^[2]^[1]^[5]^[3]^[4]
Payment 2023
$4,000,000
Payment 2024
$4,000,000

Sources

1.Amarillo Economic Development Corporation account register, October 1, 2023 - September 30, 2024 — City of Amarillo, Feb 9, 2026 · retrieved Oct 18, 2026primarySubject-authoredScanned G/L by Business Unit report (City report R09420) listed on the City's Financial Transparency page under 'Component Unit Account Registers'. Columns: explanation, document type and number, G/L date, debit, credit. Figures cited on this site were read from the page images. Covers the AEDC Operating (9110.10530) and AEDC Projects Fund (9120.10540) bank accounts; report run February 9, 2026.
2.Amarillo Economic Development Corporation account register, October 1, 2022 - September 30, 2023 — City of Amarillo, Feb 9, 2026 · retrieved Oct 18, 2026primarySubject-authoredScanned G/L by Business Unit report (City report R09420) listed on the City's Financial Transparency page under 'Component Unit Account Registers'. Columns: explanation, document type and number, G/L date, debit, credit. Figures cited on this site were read from the page images. Covers the AEDC Operating (9110.10530) and AEDC Projects Fund (9120.10540) bank accounts; report run February 9, 2026.
3.Annual Comprehensive Financial Report, fiscal year ended September 30, 2023 — City of Amarillo, Feb 27, 2024 · retrieved Oct 9, 2026primarySubject-authoredScanned document; independent auditor's report dated February 27, 2024 (signature line not legible in the scan). Note 1 'Change in Accounting Principles and Prior Period Adjustments'. Re-hosted March 2026.
4.Annual Comprehensive Financial Report, fiscal year ended September 30, 2024 — City of Amarillo, Mar 25, 2025 · retrieved Oct 9, 2026primarySubject-authoredIndependent auditor's report on CMMS CPAs & Advisors PLLC letterhead dated March 25, 2025. Note 1 describes prior period adjustments. Re-hosted on amarillo.gov in March 2026.
5.Annual Comprehensive Financial Report, fiscal year ended September 30, 2022 — City of Amarillo, Feb 21, 2023 · retrieved Oct 9, 2026primarySubject-authoredScanned document; independent auditor's report dated February 21, 2023 (signature line not legible in the scan). Note 1 describes the GASB 87 restatement. Re-hosted March 2026.