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HomeMy WebLinkAbout2025.12.23 PPFD Special Meeting PacketPasco Public Facilities District Board Building Regional Facilities through Community Partnerships AGENDA 3:00 PM - Tuesday, December 23, 2025; Pasco City Hall, Council Chambers & Microsoft Teams Meeting Page I. MEETING INSTRUCTIONS for REMOTE ACCESS - Individuals, who would like to provide public comment remotely, may continue to do so by filling out the online form via the City’s website (www.pasco-wa.gov/publiccomment) to obtain access information to comment. Requests to comment in meetings must be received by 1:00 p.m. on the day of each meeting. To listen to the meeting via phone, call (323) 676-6197 and use access code 971-874-914#. II. Welcome, Call To Order, and Roll Call III. Recognition of Visitors/Public Comments - This item is provided to allow the public the opportunity to bring items to the attention of the Pasco Public Facilities District Board. Its purpose is not to provide a venue for debate or for the posing of questions with the expectation of an immediate response. Public comments will normally be limited to three minutes by each speaker. Those with lengthy messages are invited to summarize their comments and/or submit written information for consideration by the PPFD Board outside of formal meetings. Lastly, when called upon, please state your name and city or county residency before providing your comments. IV. New Business 2 - 3 A. Resolution No. 2025-07 - 2026 PPFD Budget V. Adjournment Page 1 of 3 Resolution – PPFD 2026 Budget - 1 RESOLUTION NO. 2025-07 A RESOLUTION OF THE PASCO PUBLIC FACILITIES DISTRICT BOARD TO APPROVE THE 2026 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 23, 2025, City of Pasco Finance Department presented the proposed 2026 PPFD Budget to the PPFD Board. 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 2026, attached hereto as Exhibit A. 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 23rd day of December, 2025. PASCO PUBLIC FACILITIES DISTRICT __________________________________ Mark Morrissette, Board President ATTEST: APPROVED AS TO FORM: _____________________________ ___________________________ Caroline Bowdish, Secretary/Treasurer Kerr Ferguson Law, PLLC Pasco Public Facilities District Attorneys for PPFD Page 2 of 3 PPFD 2026 Budget Final PASCO PFD Budget Summary 2026 General Construction Total REVENUE: Sales tax 4,727,344 - 4,727,344 Kennewick PFD - sales tax 864,180 - 864,180 Investment Earnings 50,000 75,000 125,000 Aquatic Center Revenue - - - Total Revenue 5,641,524 75,000 5,716,524 DISBURSEMENTS: Board activities (230,000) - (230,000) Bond payment (3,298,375) - (3,298,375) Kennewick PFD (864,180) - (864,180) Personnel - All - - - Personnel - Seasonal - - - Benefits - - - Utilities - - - General fund charge outs - - - Insurance - - - Services & supplies - - - Start Up Costs - (1,000,000) (1,000,000) Construction Building - (20,832,855) (20,832,855) Reserve target - - - - Total Disbursements (4,392,555) (21,832,855) (26,225,410) TRANSFERS: Construction costs - - - To construction - - - To aquatics facility - - - Total Transfers - - - Excess (Deficit)1,248,969 (21,757,855) (20,508,886) Beginning Cash 10,635,828 21,832,855 32,468,683 Ending Cash (Fund Balance)11,884,797 75,000 11,959,797 Page 1 of 1Page 3 of 3