I now declare that the Plano City Council is convened in open session, that all council members are present.

The council will now recess a new executive session and training room A to hold a closed executive meeting pursuant to the provisions of Vernon's Texas Codes annotated government code.

Chapter 551.

The open meetings act in accordance with the authority contained in Section 551071 to consult with the attorney to receive legal advice.

And discuss litigation.

Section 551087 to discuss economic development matters.

And section 551.072 to discuss real estate matters.

Thank

you.

I

now declare that the Plano City Council preliminary open meeting is reconvened and open session.

That all council members are present.

Our first item on the preliminary agenda is consideration and action resulting from the executive session.

Our next item is comprehensive monthly financial report for June 2026.

Alison

Good evening.

And this evening I will be presenting the comprehensive monthly financial report as of June 2026.

While we do present this quarterly to you all, it is prepared monthly and posted on the city's website.

So with that, I will get started.

This slide represents our revenues compared to budget by fund.

The general fund has revenues of 340 million, which represents 89.4% of our total annual budget.

Property taxes are obviously our significant portion of our general fund revenues.

The water and sewer fund has 174.4 million in revenues representing 67.3% of our total annual budget, and that reflects the rate increase in the current fiscal year.

This slide represents our expenses compared to budget by fund.

The general fund has expenditures of 257.7 million for the first nine months, representing 69.4% of total annual budget.

And the water and sewer fund has expenses of 133.4 million, representing 69.7% of total budget.

This slide represents the net change in our fund balance for the past three years.

In the general fund for the first nine months of the fiscal year, the fund balance has increased to 63.6 million, which is higher over prior year by 1.4 million the net change in prior year.

We continue to utilize our cost saving measures and adhere to our fiscal roadmap changes, uh changing that fund balance from 30 days to 60 days of working capital, and basically our working capital is our current assets, less any obligations that we have.

The

water and sewer fund balance has decreased by 12.5 million.

This is less favorable than the prior two fiscal years for the time the same time period.

We are in the warmer months, so the revenues will continue to increase due to increased utilization and rates.

Reporting the fund balance at 4.9 million.

Claims expenses are up as well as revenues.

We are expecting some significant stop loss reimbursements to help offset offset some of that those expenses.

However, year to date, we are up in collections by 5.5 million.

And

again, we are up because of the increased consumer and business spending, as well as that positive audit adjustment I mentioned earlier.

The

real estate market recap shows that the number of days on the market is 36 days in June, which is down from the 43 days in March.

The percent of asking was at 98% in June, which is slightly down from the 98.4% we saw in March.

The median selling price for a home in Plano was $529,750 in June, which is up compared to $490,000 in March, and the price per square foot remained consistent from March to June at $220.

Our

year to date hotel occupancy tax collections are up $329,000 compared to prior fiscal year.

And as you can see, our largest category is our capital projects, which is $33%.

This is the fund that houses our bond proceeds, which in June we did receive $110 million for our most recent bond issue.

And this is our portfolio with our maturities.

As you see, we have a lot of liquidity in that zero to one year category at 52% to make sure that we have cash available to pay invoices, payroll, and have the availability when we need that.

Our two largest investments are our local government investment pools at 24% and our municipal bonds at 33%.

We are able to achieve a better yield with these two categories.

They are highly liquid.

So with that, I will be happy to answer any questions you may have.

Thank you so much.

Appreciate it.

Any questions or staff?

Thank you very much.

Our next item is the consent and regular agendas.

Is there any item a council member would like to remove?

Next item is council items for discussion and action on future agenda items.