HomeMy WebLinkAboutResolution No. 2025-07 - 2026 PPFD BudgetRESOLUTION 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
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rk Morrissettq Board President
ATTEST:
Caroline Bowdis Secretary/Treasurer
Pasco Public Facilities District
Resolution — PPFD 2026 Budget - 1
APPROVED AS TO FORM:
Kerr Fergu Law, PLLC
Attorn,o s for PPFD
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
- 3,298,375
Bond payment
(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 costsTo 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
nding ash (Fund
Balance) 11,884,797 75,000 11,959,797
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