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170 Community Development Fund
<br />FY08FY08FY08
<br />AdoptedSB1 ActionRevised
<br />I.RESOURCES
<br />BEGINNING WORKING CAPITAL
<br />937,107628,9111,566,018
<br />a
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Intergovernmental3,576,0001,208,5074,784,507
<br />b,c,e
<br /> Charges for Services18,840018,840
<br /> Miscellaneous913,5000913,500
<br /> Fiscal Transactions1,706,000(500,000)1,206,000
<br />d
<br />Total Revenue6,214,340708,5076,922,847
<br />TOTAL RESOURCES7,151,4471,337,4188,488,865
<br />II.REQUIREMENTS
<br />Department Operating
<br /> Central Services4,00004,000
<br /> Planning and Development3,215,802123,9493,339,751
<br />e,f
<br />Total Department Operating3,219,802123,9493,343,751
<br />Capital Projects
<br /> Capital Projects400,0000400,000
<br /> Capital Carryover(10,671)10,6710
<br />g
<br />Total Capital Projects389,32910,671400,000
<br />Non-Departmental
<br /> Interfund Transfers67,000067,000
<br /> Misc. Fiscal Transactions3,475,3161,202,7984,678,114
<br />h
<br /> Balance Available000
<br />a,f,g,h
<br />Total Non-Departmental3,542,3161,202,7984,745,114
<br />TOTAL REQUIREMENTS7,151,4471,337,4188,488,865
<br />170 Community Development Fund
<br />Beginning Working Capital Reconciliation:
<br />a) Increase the budgeted Beginning Working
<br />Capital by $628,911 and increase Balance Available by the same amount. The changes bring the
<br />FY08 Budgeted Beginning Working Capital in compliance with the audited FY07 actual revenues
<br />and expenditures as determined by Isler & Company, LLC, the City's external auditor.
<br />Grants:
<br />b) Increase CDBG and HOME grant revenues to reappropriate funding for FY07 non-
<br />profit capital improvement projects, adjust grant allocations to actual for housing development and
<br />job creation activities.
<br />Grant:
<br />c) Recognize Harvard Innovations grant award for replication of landbanking for affordable
<br />housing program.
<br />Decrease anticipated revenues
<br />d) from affordable housing development loan repayments.
<br />Reappropriate
<br />e) $335,000 in expenditures for non-profit capital improvement projects, authorize
<br />$10,000 in expenditures related to Harvard Innovations grant, and $30,000 for micro-enterprise
<br />training.
<br />Reappropriation:
<br />f) Reduce affordable housing expenditures funded from Balance Available.
<br />
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