The URL can be used to link to this page

Home My WebLink AboutAffordable Housing Budget 041018 4/10/2018 COMMUNITY AFFORDABLE HOUSING FUND Fiscal Year GRAND 2012 2013 2014 2015 2016 2017 2018 TOTALS year-to-date 2012-2018 FUND BALANCE-BEGINNING1 $ 318,927 $ 327,914 $ 337,394 $ 347,769 $ 324,817 $ 504,432 $ 495,287 PLUS: REVENUES #mills levied 0.50 0.50 0.50 1.00 3.00 3.00 3.00 value of I mill $ 82,062 $ 83,226 $ 85,637 $ 87,894 $ 86,564 $ 89,758 $ 101,195 Property Tax Revenues $ 41,031 $ 41,885 $ 42,819 $ 88,470 $ 257,191 $ 260,687 $ 175,876 $ 907,958 Loan repayments(P&I) $ 5,000 $ 5,000 $ 5,000 $ 9,796 $ 10,167 $ 10,167 $ 7,239 $ 52,370 Fund Interest Income $ 2,956 $ 2,596 $ 2,555 $ 2,958 $ 3,452 $ 4,401 $ 591 $ 19,508 Big Box Fund transfer of housing portion $ 56,248 $ - $ 56,248 appreciation recapture-HRDC down pmt assist $ 10,000 $ 20,000 $ 30,000 misc-donation $ 30 $ - $ - $ 30 TOTAL REVENUES $ 48,987 $ 49,481 $ 50,374 $ 157,472 $ 280,840 $ 275,255 $ 203,706 $ 1,066,114 LESS: EXPENDITURES HRDC Road To Home $ (40,000) $ (40,000) $ (40,000) $ (40,000) $ (40,000) $ (40,000) $ - $ (240,000) GMD/Larkspur Commons/Homeword Impact Fee grant $ (200,000) $ $ (200,000) Youth Emergency Shelter Grant $ (30,000) $ (30,000) Habitat For Humanity assistance:4 lots $ Affordable Housing Study-Werwath $ (24,500) $ (14,835) $ $ $ (39,335) Owner Occupied Home Rehab-HRDC $ Rental Housing Survey-Open Window Consult. $ (5,671) $ (5,671) Public Notice-newspaper publishing $ (85) $ (85) West Edge Condos down payment assistance $ (110,000) $ (110,000) HRDC administer RLF,staff support $ (14,400) $ (14,400) $ $ (28,800) Reach Inc Group Home support $ (31,990) $ (31,990) misc-travel/training/supplies $ (167) $ (4,388) $ (4,555) TOTAL EXPENDITURES $ (40,000) $ (40,000) $ (40,000) $ (180,423) $ (101,225) $ (284,400) $ (4,388) $ (690,436) NET CHANGE IN FUND BALANCE $ 8,987 $ 9,481 $ 10,374 $ (22,952) $ 179,615 $ (9,145) $ 199,318 $ 375,678 FUND BALANCE-ENDINGI $ 327,914 $ 337,394 $ 347,769 $ 324,817 $ 504,432 $ 495,287 $ 694,60S $ 694,605 preliminary fund balance from above $ 694,605 LESS: BUDGETED EXPENDITURES NOT SPENT YET: HRDC administer RLF,staff support $ (14,400) HRDC Road To Home $ (40,000) City staff: add 1 FTE Full Time Equivalent Affordable Housing Planner $ (70,000) Impact Fee or Down Payment Assistance $ (200,000) $ (324,400) LESS: COMMITMENTS APPROVED BY CAHAB FOR RECOMMENDATION TO COMMISSION: Hoover Way subdivision: 24 units @$20,000+$58,000 to offset PUD cost: 50%of$538,000 this year $ (269,000) TOTAL POTENTIAL REMAINING COMMITMENTS NOT YET PAID OUT IN CASH: $ (593,400) ADJUSTED FUND BALANCE IF ALL ABOVE PAID OUT IN CASH: $ 101,205 ADD: ANTICIPATED REMAINING REVENUE(Tax,etc.) $ 127,709 PROJECTED ENDING FUND BALANCE: $ 228,914