Title
Approving budget amendments for the Pflugerville Community Development Corporation for FY 2016 to date and providing an effective date.
Summary
This item is to provide approval for the second and third budget amendments for FY16 to facilitate preparation for the PCDC FY 2017 Budget. City Finance staff have reviewed these amendments.
Status
These amendments were approved by the PCDC Board at their regular meeting on May 19, 2016.
Fiscal Impact
After all amendments are made, regular income decreases $68,709, expense increases $175,000, and other incomes increase $23,765. All amendments create a decrease in net income of $219,944. Projected FY16 Net Income after amendments is $805,701.
Staff Recommendation
PCDC recommends approval.
Drafter
Amy Madison
Executive Director