Title
Approving budget amendments for the Pflugerville Community Development Corporation (PCDC) for FY17 and providing an effective date.
Summary
Approve Q1 budget amendments in order to facilitate adjustments in income and expenses for the PCDC FY17 budget.
Status
On February 12, 2017 the PCDC Board approved FY2017 budget amendments during their regularly scheduled meeting.
Prior City Council Action
PCDC brings budget amendments to City Council on a quarterly basis for approval.
Fiscal Impact
After all amendments are made, Regular Income increases $283,448, Expenses decrease $705,790 and Other Income increases $1,057,611. All amendments create an increase in Net Income of $887,683. Projected FY17 Net Income after amendments is $1,902,403.
Staff Recommendation
Staff recommends approval.
Drafter
Amy Madison
Executive Director
Pflugerville Community Development Corporation