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Plano presents March financial report showing budgeted revenue gains and higher personnel costs
Summary
Assistant Director of Finance Allis Frehl told Plano City Council that through March the general fund has collected about $294 million (roughly 77.5% of the annual budget), fund balance rose by $10.3 million, and personnel and claims expenses are higher than last year; staff attributed the changes to tax-rate adjustments and ongoing cost-saving measures.
Plano’s finance team told the City Council that the city’s finances remained generally positive through March, even as personnel and claims expenses rose.
“Allis Frehl, Assistant Director of Finance, presented the comprehensive monthly financial report for March 2026, noting general fund revenues of $294 million through the first six months — about 77.5% of the total annual budget,” the council meeting record shows. Frehl said the city’s water and sewer fund recorded roughly $114.8 million in revenues through the same period, about 44% of its annual budget.
Staff reported a $10.3 million increase in the general fund balance, which Frehl tied to cost-saving initiatives and a change in the city’s working-capital policy that increased cash-on-hand targets from 30 days to 60 days. Frehl also pointed to one-time positive state audit adjustments and stronger sales and franchise revenues compared with the prior year.
Council members pressed staff on budget drivers. Frehl said general fund expenditures are higher than the prior year by about $10.0 million, primarily from personnel costs and transfers to support technology and service operations. The report also noted that the health claims fund increased by about $1.5 million and currently holds approximately $7.9 million in reserves.
The finance presentation closed with a summary of the city’s investment portfolio, liquidity priorities and upcoming receipt of bond proceeds tied to the 2026 issuance. Council did not take separate action on the report; staff said the document is posted on the city website for public review.
