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PFDC reports small earnings in 2024; $35,000 culinary internship transfer awaiting city contract approval
Summary
PFDC reported roughly $1,000 in interest income and about $9,000 in expenditures in 2024; $35,000 set aside for a culinary internship cannot be transferred until the city's contract form is approved, agency staff said.
Abby reported PFDC earned about $1,000 in 2024, primarily interest, and had expenditures around $9,000, mainly for agency counsel fees. “In 2025 with the incubator project, we will see more activity,” Abby said.
Abby said the $35,000 intended for a culinary internship remains on hold because the city's contract form has not been finalized: “We're waiting for the form of contract to be approved that we can use to authorize…the transfer of those $35,000.” She said the agency has set the funds aside in the 2025 budget so they are not available for other uses until the contract is executed.
