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Public Improvement District Fund
PID #16 – Walsh Ranch/Quail Valley
FUND SUMMARY
Change from
FY2021 FY2022 FY2022 FY2023
FY2022 Adopted
Final Adopted Adjusted Adopted Amount %
Other Tax 966,730 856,961 1,693,961 837,000 (19,961) -2.33%
Use of Fund Balance - 10,840 1,351,467 25,984 15,144 139.70%
Revenue $ 966,730 $ 867,801 $ 3,045,428 $ 862,984 $ (4,817) -0.56%
Gen Operating & Maintenance 1,278,004 867,801 3,045,428 862,984 (4,817) -0.56%
Expenses $ 1,278,004 $ 867,801 $ 3,045,428 $ 862,984 $ (4,817) -0.56%
FUND PURPOSE AND GOALS
Public Improvement District #16 – Walsh Ranch/Quail Valley was created by resolution by the Mayor and City
Council on September 27, 2016 to provide a mechanism to fund infrastructure associated with the Walsh Ranch
development. The Walsh Ranch/Quail Valley PID shall continue in effect until all obligations of indebtedness have
been fully satisfied and discharged. Comprising 1,703.57 acres of land, the PID is generally located north of the
intersection of Interstate Highway 20 and Interstate Highway 30, east of Farm to Market Road 1187, south of Old
Weatherford Road, and west of the Parker County – Tarrant County boundary line.
The funds collected during the fiscal year will be paid to the developer as part of the city’s commitment to acquire
the infrastructure previously installed within the development.
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