HomeMy WebLinkAbout2026 08 05 PIF RFP 2027Public Infrastructure Fund (PIF) 2027 Request for Proposals (RFP) Recommendation
Approp-
riation
required
2026
Budget
expended
thru July
2026
% of
Budget
Beginning Balance 1,949,821 1,949,821
Revenues
DISTRESSED COUNTY SALES TX Jan-Jul 800,000 442,591
INVESTMENT INTEREST Jan-Jul 50,000 38,835
Total Revenue 850,000 481,426 56.64%
Expenditures
EDC 100,000 75,000
SIMS WAY GATEWAY (2021 1M; 2023 300K; 2025 spent 345K)(45,124) 954,876 37,364
JCIA ECO-INDUSTRIAL PARK 233,970
GLEN COVE PROJECT (unbudgeted 2025; deferred to 2026)250,000
JEFFERSON TIMBER COOPERATIVE (JTC) PORT GRANT MATCH (NEW)110,000 285,000
EDC Team Jefferson APEX Accelerator program (NEW)10,000
TRANSFER OUT - ROADS- QUILCENE COMPLETE STREETS 302,767
TRANSFER OUT - TRI-AREA SEWER (on-going)325,000
Total Expenditures 64,876 2,461,613 112,364 4.56%
Projected Ending Fund Balance 338,208
Less Recommended Reserve 10% of Expenditures 246,161
2026 Ending Balance Available for RFP 92,047
2027 Revenue Estimate 850,000
Less On-going Transfer for PHUGA 325,000
Available 617,047
Recommended RFP for 2027 550,000
Prepared for Special PIF Board meeting 8/5/2026
Last updated 8/5/2026