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PCDC Q1 report: sales tax tracking above budget while accounts receivable linked to water park shows large balance
Summary
The Pflugerville Community Development Corporation reported first-quarter FY25 revenue and expenditures, with sales tax tracking above budget and a sizable receivable tied to the water park; council members asked for detail on an October sales-tax spike and the nature of the receivable.
Tracy Waldron, the city’s finance director, presented the Pflugerville Community Development Corporation’s (PCDC) fiscal year 2025 first-quarter financial report during the Feb. 25 work session.
Waldron said revenue was “tracking very nicely, 22% of budget,” and that a large portion — “912,000” as stated in the presentation — will not be received until the fourth quarter. She reported sales tax is “tracking at 24%” and that interest income is slightly below expectations, arriving at…
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