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170 Community Development Fund
<br />
<br /> FY05 FY05 FY05
<br /> Adopted SB1 Action Revised
<br />I. RESOURCES
<br />
<br /> BEGINNING WORKING CAPITAL 3,574,194 (1,761,053) a 1,813,141
<br /> CHANGE TO WORKING CAPITAL
<br />
<br /> REVENUE'
<br /> Intergovernmental 4,615,717 0 4,615,717
<br /> Charges for Services 42,180 0 42,180
<br /> Miscellaneous 837,175 0 837,175
<br /> Fiscal Transactions 1,504,628 0 1,504,628
<br /> Total Revenue 6,999,700 0 6,999,700
<br />
<br /> TOTAL RESOURCES 10,573,894 (1,761,053) 8,812,841
<br />I1. REQUIREMENTS
<br />
<br /> Department Operating
<br /> Central Services 4,000 0 4,000
<br /> Planning and Development 4~812,171 (884,926) a,d 3,927,245
<br /> Total Department Operating 4,816,171 (884,926) 3,931,245
<br />
<br /> Capital Projects
<br /> Capital Projects 0 648,549 d 648,549
<br /> Capital Carryover 215,970 (9,176) c 206,794
<br /> Total Capital Projects 215,970 639,373 855,343
<br />
<br /> Non-Departmental
<br /> Interfund Transfers 110,000 0 110,000
<br /> Misc. Fiscal Transactions 5,412,060 (1,495,807) a,c,e 3,916,253
<br /> Reserve for Encumbrances 19,693 (19,693) b
<br /> Balance Available 0 0 a,b,d,e 0
<br /> Total Non-Departmental 5,541,753 (1,515,500) 4,026,253
<br />
<br /> TOTAL REQUIREMENTS 10,573,894 (1,761,053) 8,812,841
<br />170 Community Development Fund
<br />
<br />a) This supplemental request decreases the budgeted Beginning Working Capital by $1,761,053 and
<br />decreases appropriations for Miscellaneous Fiscal Transactions by $1,520,840 (Historic Preservation
<br />Loans are reduced by $17,849, CDBG Revolving Fund Loans are reduced by $1,539,492, and ERA
<br />Capital Development Loans are increased by $36,501), Planning & Development by $7,601, and Balance
<br />Available by $232,612. The changes bring the FY05 Budgeted Beginning Working Capital in compliance
<br />with the audited FY04 actual revenues and expenditures as determined by Grove, Mueller & Swank P.C.,
<br />the City's external auditor.
<br />
<br />b) This supplemental budget eliminates the Reserve for Encumbrance and moves $19,693 to Balance
<br />Available.
<br />
<br />c) This action reconciles the Capital Carryover estimate and decreases capital carryover by $9,176 and
<br />moves it into the Downtown Revitalization Loan Program.
<br />
<br />d) This action funds FY05 CDBG sponsored capital projects ($648,549) and replenishes Balance
<br />Available ($228,776) by reducing contractual services in Planning and Development's operating budget by
<br />$877,325.
<br />
<br /> e) This action eliminates Balance Available by moving $15,857 back into the Historic Preservation Loan
<br /> Program.
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