Title
Approving budget amendments for the Pflugerville Community Development Corporation fiscal year 2017, 2nd quarter.
Summary
Approve 2nd Quarter budget amendments in order to facilitate adjustments in income and expenses for the PCDC fiscal year 2017 budget.
Status
On April 20, 2017 the PCDC Board unanimously approved fiscal year 2017, 2nd quarter budget amendments during their regularly scheduled April 20, 2017 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, expenses increase $352,404 and other incomes increase $926,363. All amendments create an increase in net income of $573,959. Projected FY17 net income after amendments is $2,476,361.
Staff Recommendation
Staff recommends approval.
Drafter
Amy Madison
Executive Director
Pflugerville Community Development Corporation