Title
Approving budget amendments for the Pflugerville Community Development Corporation (PCDC) for fiscal year 2016.
Summary
This item has been provided to the City Council to request approval of the final budget amendments for FY16 to facilitate preparation of the PCDC FY2017 Budget.
Status
These amendments will be considered by the PCDC Board at their regular meeting on July 21, 2016.
Prior City Council Action
The City Council has approved the PCDC FY16 Budget and quarter 2 & 3 budget amendments in prior meetings.
Deadline for City Council Action
City Council consideration is requested on July 26, 2016.
Fiscal Impact
After all amendments are made, regular income remains the same, expenses decrease $88,240 and other incomes increase $15,000. All amendments create an increase in net income of $103,240. Projected FY16 net income after amendments is $908,941.
Staff Recommendation
PCDC staff recommends approval.
Drafter
Amy Madison
Executive Director
Pflugerville Community Development Corporation