HomeMy WebLinkAboutResolution No. 2024-19 - 2025 PPFD BudgetRESOLUTION NO.2024-19
A RESOLUTION OF THE PASCO PUBLIC FACILITIES DISTRICT
BOARD TO APPROVE THE 2025 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 December 17, 2024, City of Pasco Finance Department presented the
proposed 2025 PPFD Budget to the PPFD Board; and
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 2025:
Account Description
Beginning
Fund Balance
Budgeted
Revenues &
inflows
Budgeted
Expenditures
& Outflows
Ending Fund
Balance
Budget Est Beg Fund Balance (Unassigned)
37.719,327
Local Sales Tax
4,800,000
PFD Sales Tax
900,000
Investment Interest & FMV changes
250,000
Refunds Reimbursement Rebates
1.,000
Forms Stationary Bus Cards
500
Dues Subscription Memberships
1,000
Train Registration Tuition
1,000
Lodging Meals Miles Airfare
1,500
Advertising
1,500
Legal Combined Services
15,000
Organizational Services
950,000
Professional Services
150,000
Miscellaneous Services
12,000
Postage Courier Shipping
250
Insurance Premiums
6,500
Building & Structure
26,921,240
Const Contract (Primary)
7,050,000
Const Other Prof Services
907,000
Const Other Miscellaneous
2,590,400
Individual Assets > $5000
640,000
Revenue Bond Principal
780,000
Interest External Bond (Current)
2,217,460
Budge, Est End Fund Balance
37,719,327
5,951,000
42,245,350
1,424,9i7
Resolution — PPFD 2025 Budget - 1
Be it Further Resolved that this Resolution shall take effect immediately.
PASSED by the Pasco Public Facilities District Board of Directors, of Pasco, Washington,
this 17th day of December, 2024.
PASCO PUBLIC FACILITIES DISTRICT
Ma Morrissette, oard President
ATTEST:
Caroline Bowdish, SeQretary/Treasurer
Pasco Public Facilities District
APPROVED AS TO FORM:
Resolution — PPFD 2025 Budget - 2