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PID funds collect $3.32 million in FY2025; Pinnacle has about $2.5 million owed to its developer
The City's FY2025 financial report shows ten PID funds collecting $3,322,979 in assessments (charges for services) and spending $2,348,228 in the year ended September 30, 2025, with $4,540,838 in combined fund balances. It says about $35,000 was due the Greenways developer, about $998,921 the Colonies developer, about $2.5 million the Pinnacle developer and $200,000 for Town Square for unreimbursed improvements.[1][2]
What the sources say
- ✓ Verified
For the year ended September 30, 2025, the City's PID funds recorded $3,322,979 in charges for services (assessments), $158,653 in investment earnings, $2,348,228 in expenditures ($1,838,734 for parks and $509,494 capital outlay) and $268,182 transferred to other funds, ending with $4,540,838 in restricted fund balances. [1]
- Assessments
- $3,322,979
- Expenditures
- $2,348,228
- Transfers out
- $268,182
- Fund balance
- $4,540,838
- ✓ Verified
FY2025 assessment revenue by district: the Colonies $1,431,026; the Greenways $949,597; Heritage Hills $505,342; Town Square $199,981; the Pinnacle $123,044; Point West $52,026; Tutbury $28,800; the Vineyards $21,519; Quail Creek $11,644. A tenth fund, Redstone, had no activity and a $548 balance. The transfers out came from the Colonies ($107,591), the Greenways ($100,016) and Heritage Hills ($60,575), the three districts with outstanding PID certificates. [1][2]
- Colonies
- $1,431,026
- Greenways
- $949,597
- Heritage hills
- $505,342
- Town square
- $199,981
- Pinnacle
- $123,044
- Point west
- $52,026
- Tutbury
- $28,800
- Vineyards
- $21,519
- Quail creek
- $11,644
- ⚠ Sources differ
Number of public improvement districts in Amarillo.
Reported value 1[1]
- Value
- 10
FY2025 ACFR: "The City currently has ten Public Improvement Districts (PIDs)," nine in residential areas and one in a business park. Its combining statements show ten funds, including Redstone, and none for Homestead or Estancia.
Reported value 2[3]
- Value
- 11
The City's PID page lists eleven: Estancia, the Colonies, the Greenways, Heritage Hills, Homestead, the Pinnacle, Point West, Quail Creek, Town Square, Tutbury and the Vineyards. It does not list Redstone.
- ✓ Verified
At the end of FY2025, the report says about $35,000 was due the Greenways developer for unreimbursed improvements, the Colonies PID had about $998,921 of unreimbursed costs to the developer, the Pinnacle PID about $2.5 million and Town Square $200,000; it says the other PIDs had nothing to be paid to a developer. [1]
- Greenways
- $35,000
- Colonies
- $998,921
- Pinnacle
- $2,500,000
- Town square
- $200,000
- ✓ Verified
The City's schedule of debt at September 30, 2025 lists PID-supported debt "serviced by special assessments": Series 2014 certificates ($1,195,000 outstanding), Series 2018 Colonies certificates ($2,195,000), the PID share of Series 2020 refunding bonds ($430,000), Series 2021 Greenways certificates ($825,000) and Series 2023 Colonies and Heritage Hills certificates ($3,800,000). These rows add up to $8,445,000. [2]
- Outstanding total
- $8,445,000
- ✓ Verified
The report's management discussion says FY2026 debt service rises partly because of "debt issuances planned for three Public Improvement Districts (PIDs)," and that special revenue costs rise partly because of "three PIDs planning for developer reimbursements related to completed park amenities." It does not name the three districts. [1]
