Title
Presentation regarding the Pflugerville Community Development Corporation (PCDC) FY25 Q3 Financial Report.
Summary
Per PCDC bylaws, each quarter the Executive Director or designee shall present a financial update for the current fiscal year to the City Council at a regularly scheduled City Council meeting.
Total actual revenue is 66% of the budget which includes sales tax revenue at 73% of the budget. The Waterpark lease "Other Revenue" is received in September of each year.
Total expenditures are at 24% with Capital Outlay, Debt Service and Economic Incentives comprising a large portion of this budget. This is as expected since the capital projects will go to bid early spring, the larger debt payments are made in August, and most incentive payments are expended in the fourth quarter.
Prior Action
N/A
Supporting Documents
FY25 Q3 Financial Report
FY25 Balance Sheet as of June 30, 2025
Staff Recommendation
Presentation only