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PCDC FY25 fourth-quarter report: sales tax near budget, capital spending lower than projected
Summary
A preliminary FY25 fourth-quarter report for the PCDC fund showed sales-tax receipts at 98% of budget (about $224,000 short), lower-than-expected capital spending and a preliminary net position above projection; staff said final figures will change after audit entries and any budget amendments.
Councilmember Ryan presented a preliminary fourth-quarter FY25 financial report for the PCDC fund, saying the fund's main revenue—sales tax—came in at about 98% of budget and that the shortfall was roughly $224,000.
"Sales tax, the main source of revenue for this fund, came in at 98% of budget," Councilmember Ryan said. "Pretty strong considering we knew we were running a little bit behind. It's 224,000 short of our budget." She cautioned the figures are preliminary while the city completes its audit and year-end entries.
Ryan walked the council through topline comparisons of budget, projected…
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