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Copy of housing_fund_revenues_expenditures_five-plus_years_2018-10-09
10/9/2018COMMUNITY AFFORDABLE HOUSING FUND GRAND 2012 2013 2014 2015 2016 2017 2018 2019 TOTALS year-to-date 2012 - 2019 FUND BALANCE - BEGINNING 318,927$ 327,914$ 337,394$ 347,769$ 324,817$ 504,015$ 494,870$ 707,216$ PLUS: REVENUES # mills levied 0.50 0.50 0.50 1.00 3.00 3.00 3.00 3.00 value of 1 mill 82,062$ 83,226$ 85,637$ 87,894$ 86,564$ 89,758$ 101,195$ 104,321$ Property Tax Revenues 41,031$ 41,885$ 42,819$ 88,470$ 257,191$ 260,687$ 302,781$ -$ 1,034,864$ Loan repayments (P&I)5,000$ 5,000$ 5,000$ 9,796$ 9,751$ 10,167$ 9,751$ 1,747$ 56,212$ Fund Interest Income 2,956$ 2,596$ 2,555$ 2,958$ 3,452$ 4,401$ 6,377$ -$ 25,294$ Big Box Fund transfer of housing portion 56,248$ -$ 56,248$ appreciation recapture - HRDC down pmt assist 10,000$ 20,000$ 10,000$ 40,000$ misc - donation 30$ -$ -$ -$ 30$ Transfer from General Fund: one-time settlement money -$ -$ -$ 166,188$ 166,188$ TOTAL REVENUES 48,987$ 49,481$ 50,374$ 157,472$ 280,423$ 275,255$ 338,909$ 177,935$ 1,378,836$ - LESS: EXPENDITURES HRDC Road To Home counseling & education (40,000)$ (40,000)$ (40,000)$ (40,000)$ (40,000)$ (40,000)$ (40,000)$ -$ (280,000)$ Impact Fee Assist: GMD/Larkspur Commons/Homeword (200,000)$ -$ -$ (200,000)$ Impact Fee Assist: Lakes at Valley West (15,246)$ -$ (15,246)$ Youth Emergency Shelter Grant (30,000)$ (30,000)$ Affordable Housing Study - Werwath (24,500)$ (14,835)$ -$ -$ -$ (39,335)$ Rental Housing Survey - Open Window Consult.(5,671)$ (5,671)$ Public Notice - newspaper publishing (85)$ (85)$ down payment assistance: West Edge Condos (110,000)$ (110,000)$ down payment assistance: Lakes at Valley West (30,000)$ (50,000)$ (80,000)$ HRDC administer RLF, staff support (14,400)$ (14,400)$ (7,200)$ -$ (36,000)$ Reach Inc Group Home support (31,990)$ (31,990)$ misc - travel/training/supplies/telephone (167)$ (7,565)$ (75)$ (7,808)$ Affordable Housing Program Manager salary -$ (26,553)$ (18,030)$ (44,583)$ TOTAL EXPENDITURES (40,000)$ (40,000)$ (40,000)$ (180,423)$ (101,225)$ (284,400)$ (126,564)$ (68,105)$ (880,717)$ - NET CHANGE IN FUND BALANCE 8,987$ 9,481$ 10,374$ (22,952)$ 179,198$ (9,145)$ 212,345$ 109,831$ 498,119$ FUND BALANCE - ENDING 327,914$ 337,394$ 347,769$ 324,817$ 504,015$ 494,870$ 707,216$ 817,046$ 817,046$ preliminary fund balance from above 817,046$ LESS: BUDGETED EXPENDITURES NOT SPENT YET: Affordable Housing Program Manager salary (60,678)$ misc - travel/training/supplies/telephone (8,675)$ HRDC administer RLF, staff support (14,400)$ HRDC Road To Home budget = $40,000 (40,000)$ Needs Assessment (30,000)$ Impact Fee or Down Payment Assistance (150,000)$ (303,753)$ LESS: COMMITMENTS APPROVED BY CAHAB FOR RECOMMENDATION TO COMMISSION: Willow Springs: 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:(572,753)$ ADD: ANTICIPATED REMAINING REVENUE: Property Taxes 312,963$ Transfer From General Fund -$ Fund interest income & Loan repayments 13,500$ TOTAL ANTICIPATED REMAINING REVENUE:326,463$ ANTICIPATED FUND BALANCE AT YEAR-END:570,756$ Fiscal Year