Title
Presentation regarding the Pflugerville Community Development Corporation (PCDC) FY24 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 94% of the budget which includes sales tax revenue at 73% of the budget. Interest revenue is trending over budget amount and the total revenue includes land sale totaling $2.8M.
Total expenditures are at 45% which is historically normal as most incentive and loan expenses are expected in the 4th quarter.
Prior Action
FY24 Q3 approved by the PCDC board on July 17, 2024.
Supporting Documents
FY24 Q3 Financial Report
FY24 Balance Sheet as of June 2024
FY24 Q3 Investment Report
Sales Tax Report as of June 2024
Staff Recommendation
Presentation only