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HomeMy WebLinkAboutResolution No. 2023-14 - 2024 PPFD BudgetRESOLUTION NO.2023-14 A RESOLUTION OF THE PASCO PUBLIC FACILITIES DISTRICT BOARD, TO APPROVE THE 2024 PASCO PUBLIC FACILITIES DISTRICT BUDGET. WHEREAS, the Pasco Public Facilities District (PPFD) was duly formed pursuant to Chapter 35.57 of the Revised Code of Washington on July 15, 2002, by the adoption of City of Pasco Ordinance No. 3558, and granted all powers provided by law pursuant to RCW 35.57.010; and WHEREAS, on October 17, 2023, City of Pasco Finance Director presented the proposed 2024 PPFD Budget to the PPFD Board; and WHEREAS, on November 21, 2023, the proposed 2024 PPFD Budget was provided to the PPFD Board in the meeting packet; and WHEREAS, after reviewing the propose 2024 Budget presented by staff, the PPFD Board seeks to approve the 2024 PPFD Budget. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE PASCO PUBLIC FACILITIES DISTRICT as follows: The Pasco Public Facilities District Board of Directors does hereby approve its Budget for the year 2024, attached hereto as Exhibit A. Be it further resolved that this Resolution shall take effect on January 1, 2024. PASSED by the Pasco Public Facilities District Board of Directors, of Pasco, Washington, this 1 day of f , 202�. PASCO PUBLIC FACILITIES DISTRICT rk Morrissetie, Board President ATTEST: Caroline Bowdish, 'ecretary/Treasurer Pasco Public Facilities District APPROVED AS TO FORM: Kerr Fergus�PPFD Attorne Resolution — 2023-14 - 1 Pasco Public Facility District 2024 Budget Adopted Budget Amendments Amended Budget Fund REVENUE 30 30.9999 Beginning Balance $ 2,265,884.00 31 31.1341 Local Sales Tax $ 4,200,000.00 $ 4,200,000.00 31.1311 PFD Sales Tax $ 840,000.00 $ 840,000.00 31 Totals $ 5,040,000.00 $ 5,040,000.00 36 $ 36.6900 Refunds, Reimbursements, Rebates $ $ - 36 Totals $ $ - PPFD REVENUE TOTALS $ 5,040,000.00 $ 5,040,000.00 EXPENSE $ 53 $ - 53.321 Forms Stationary Bus Cards $ 100.00 $ 100.00 53 Totals $ 100.00 $ 100.00 54 $ - 54.4524 Advertising $ 500.00 $ 500.00 54.4530 Legal Combined Services $ 12,000.00 $ 12,000.00 54.4540 Organizational Services $ 954,000.00 $ 954,000.00 54.4510 Dues Subscriptions $ 500.00 $ 500.00 54.4512 Training Registration Tuition $ 1,000.00 $ 1,000.00 54.4541 Professional Services $ 1,050,000.00 $ 1,050,000.00 54.4635 Insurance Premiums $ 3,600.00 $ 3,600.00 54 Totals $ 2,021,600.00 $ 2,021,600.00 56 $ - 56.6110 Land & Land Improvements $ 3,000,000.00 $ 3,000,000.00 56 Totals $ 3,000,000.00 $ 3,000,000.00 PPFD EXPENSE TOTALS $ 5,021,700.00 $ 5,021,700.00 BEGINNING BALANCE $ 2,265,884.00 $ 2,265,884.00 REVENUE TOTALS $ 5,040,000.00 $ 5,040,000.00 EXPENSE TOTALS $ 5,021,700.00 $ 5,021,700.00 Pasco Public Facility District Totals $ 2,284,184.00 $ 2,284,184.00