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HomeMy WebLinkAbouthousing_fund_revenues_expenditures_five-plus_years_2019-01-092/6/2019COMMUNITY AFFORDABLE HOUSING FUNDGRAND2012 2013 2014 2015 2016 2017 2018 2019 TOTALSyear‐to‐date 2012 ‐ 2019FUND BALANCE ‐ BEGINNING 318,927$            327,914$            337,394$            347,769$            324,817$             504,015$            494,870$            707,216$            PLUS:     REVENUES# mills levied0.50                           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$            169,451$             1,204,315$        Loan repayments (P&I) 5,000$                5,000$                5,000$                9,796$                9,751$                10,167$              9,751$                5,108$                59,573$              Fund Interest Income 2,956$                2,596$                2,555$                2,958$                3,452$                4,401$                6,377$                1,868$                27,162$              Big Box Fund transfer of housing portion 56,248$               ‐$                     56,248$              appreciation recapture ‐ HRDC down pmt assist10,000$               20,000$              10,000$              40,000$              misc ‐ donation30$                       ‐$                      ‐$                      ‐$                      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$            352,615$             1,553,516$        ‐                      LESS:  EXPENDITURESHRDC 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)$              (26,572)$              (41,818)$             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)$               Housing Needs Assessment(5,500)$                (5,500)$               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)$                (7,200)$                (43,200)$             HRDC affordable housing assistance(3,000)$                (3,000)$               Reach Inc Group Home support(31,990)$               (31,990)$             misc ‐ travel/training/supplies/telephone/advertising (167)$                    (7,565)$                (1,161)$                (8,893)$               Affordable Housing Program Manager salary ‐$                      (26,553)$              (29,943)$              (56,496)$             TOTAL EXPENDITURES (40,000)$              (40,000)$              (40,000)$              (180,423)$           (101,225)$            (284,400)$           (126,564)$           (123,376)$           (935,988)$          ‐                      NET CHANGE IN FUND BALANCE 8,987$                 9,481$                10,374$               (22,952)$             179,198$              (9,145)$               212,345$            229,240$            617,528$            FUND BALANCE ‐ ENDING 327,914$            337,394$            347,769$            324,817$            504,015$             494,870$            707,216$            936,455$            936,455$            preliminary fund balance from above936,455$            LESS:     BUDGETED EXPENDITURES NOT SPENT YET:Affordable Housing Program Manager salary  budget = $78,708 (48,765)$             misc ‐ travel/training/supplies/telephone/advertising  budget = $8,750 (7,589)$               HRDC administer RLF, staff support  budget = $14,400 (7,200)$               HRDC Road To Home  budget = $40,000 (40,000)$             Needs Assessment  budget = $30,000 (24,500)$             Impact Fee or Down Payment Assistance   budget = $200,000 (123,428)$           (251,482)$          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:(520,482)$          ADD:    ANTICIPATED REMAINING REVENUE:Property Taxes 143,512$            Fund interest income & Loan repayments 6,524$                TOTAL ANTICIPATED REMAINING REVENUE: 150,036$            ANTICIPATED FUND BALANCE AT YEAR‐END: 566,009$            Fiscal Year