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STEXAS to congratulate Mr. Dougherty and Mr. Roddy on their appointments to the Board. He expressed his .Zjy&tA, Cim.-�W would continue to aid the PEDC in its endeavors. No one else came forward, and Chairman Bray closed WUMMEWIM Election of PEDC Board Officers for the 2025 .-2026 Term Chairman Bray opened the floor to nominations for officers of the PC Board. • Chairman — Mr. Fendley made a motion to re -appoint Josh Bray as Chairman. Mr. Coleman seconded the motion. Vote: 7 -ayes to 0 -nays • Vice Chairman — Mr. Roddy made a motion to re -appoint Curtis Fendley as Vice Chairman. Ni. Hashmi seconded the motion. Vote: 7 -ayes to 0 -nays • Secretary -Treasurer — Mr. Fendley made a motion to re -appoint Chase Coleman as Secretary - Treasurer. Dr. Hashmi seconded the motion. Vote: 7 -ayes to 0 -nays made a motion to approve the minutes as presented. Mr. Homer seconded the motion. Vote: 7 -ayes, to 0 -nays a total net position of $8,538,588. Mr. Coleman continued with the income statement for the month, citing the reported total revenue as $211,092. He concluded the financial report for the month of May by presenting total expenditures and net income for the month. He continued by presenting the financial reports ending June 30, 2025. Total assets were reported to b $10,686,735. Total liabilities were reported to be $2,013,537, leaving the PEDC with a total net positio of $8,673,198. Mr. Coleman continued with the income statement for the month, citing the reported total revenue as $218,043. He concluded the financial report for the month of June by presenting total expenditures and net income for the month. He commented that the PEDC was having a good year financially and he had no concerns regarding the financial statements. Mr. Coleman opened the floor to questions regarding the May and June financial reports. Dr. Hashmi asked a question regarding the difference in expenses between the two months. Ms. Hammond noted that this was due to multiple larger payments that had posted in June, referencing the annual shreddin of PEDC properties and the rC's annual audit. There were no further questions. Dr. Hashmi made a motion to approve the financial statements as presented. Mr. Roddy seconded the motion. Vote: 7 -ayes to 0 -nays Page 2 of 4