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Pasco PFD approves March claims of $474,734.85; tax receipts show year‑over‑year increases
Summary
The Pasco Public Facilities District board approved payment of March claims totaling $474,734.85 and received a financial update showing invested assets of roughly $41 million and month-to-month tax-receipt increases compared across 2023–2025.
The Pasco Public Facilities District board on April 20 approved payment of March 2025 claims totaling $474,734.85 and heard a financial report showing the district held roughly $41 million in invested assets, including $35 million in bond funds and $6 million for operations.
Veronica (finance staff) presented the March balance sheet and budget performance reports, and noted March tax receipts of $409,220. She also provided comparative charts showing month-to-month sales-tax payment increases: a 17% increase from January 2023 to January 2024 and a 6% increase from January 2024 to January 2025 for the same reporting period.
“On the balance sheet, you'll see our assets and liabilities… We still have $41,000,000 invested: $35,000,000 is the bond dollars, $6,000,000 is operational dollars,” Veronica said. She also reported an internal transfer of $10,341.12 related to the interlocal agreement between the City of Pasco and the PPFD.
Board members discussed using month-to-month tax receipt trends to improve 2026 budget cash-flow projections rather than straight‑lining monthly revenue. Veronica said she could apply the seasonal pattern to 2026 projections once the consulting analysis is complete.
The motion to approve the March 2025 PPFD claims, moved and seconded during the meeting, was carried by voice vote; no roll-call tally was recorded in the meeting transcript.
Staff said they will continue to include the new pie-chart and comparative tax charts in monthly packets and will coordinate anticipated 2026 budget numbers with an external financial analysis once that study is completed.
