FY25 Proposed Budget

Affordable Housing (2500) Fund Summary

2022

2023

2024

2024

2025

2026

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$ 3,598,374 5,281,899 $ $ 5,281,899 7,399,710 $ $ 7,399,710 $ 7,399,710

Revenues:

Use Of Money And Property Interest Revenues Charges for Fees & Services Building & Development Other Financial Sources Loans

$

16,880 $

152,716

$

-

$

-

$

-

$

-

3,047,031 2,038,439

-

-

-

-

13,063

13,111

- -

- -

- -

- -

Sub-Total Revenues

3,076,974 2,204,266

Transfers In:

Transfer-In from General Fund

1,000,000 1,000,000 1,000,000 1,000,000

1,000,000 1,000,000 1,000,000 1,000,000

1,030,000 1,030,000

1,030,000 1,030,000

Sub-Total Transfers In

Total Revenues & Transfers In

$ 4,076,974 3,204,266 $ $ 1,000,000 1,000,000 $ $ 1,030,000 $ 1,030,000

Expenditures: Services

$

866,743 1,019,473 $ $

850,000 $

850,000 $

880,000 $

880,000 150,000

Capital Outlay

6,705

66,982

150,000

150,000

150,000

Sub-Total Expenditures

873,448 1,086,455

1,000,000 1,000,000

1,030,000

1,030,000

Transfers Out:

Capital Projects Fund Sub-Total Transfers Out

$ 1,520,000

$

- -

$

- -

$

- -

$

- -

$

- -

1,520,000

Total Expenditures

$ 2,393,448 1,086,455 $ $ 1,000,000 1,000,000 $ $ 1,030,000 $ 1,030,000 $ 5,281,899 7,399,710 $ $ 5,281,899 7,399,710 $ $ 7,399,710 $ 7,399,710

Fund Balance, June 30

Restricted / Committed /Assigned

-

-

-

-

-

-

Unassigned Balance

$ 5,281,899 7,399,710 $ $ 5,281,899 7,399,710 $ $ 7,399,710 $ 7,399,710

% of Revenues and Transfers In

130%

300%

528%

740%

718%

718%

397