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150 Construction and Rental Housing Fund
<br />FY19 FY19 FY19
<br />Adopted SB1 Action Revised
<br />I. RESOURCES
<br />BEGINNING WORKING CAPITAL 5,022,572 527,032 a 5,549,604
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Licenses/Permits 4,296,500 0 4,296,500
<br /> Charges for Services 5,453,250 0 5,453,250
<br /> Fines/Forfeitures 25,000 0 25,000
<br /> Miscellaneous 86,000 0 86,000
<br />Total Revenue 9,860,750 0 9,860,750
<br />TOTAL RESOURCES 14,883,322 527,032 15,410,354
<br />II. REQUIREMENTS
<br />Department Operating
<br /> Fire and Emergency Medical Services 340,239 0 340,239
<br /> Planning and Development 7,810,918 54,916 b,c 7,865,834
<br /> Public Works 481,074 0 481,074
<br />Total Department Operating 8,632,231 54,916 8,687,147
<br />Non-Departmental
<br /> Interfund Transfers 984,000 0 984,000
<br /> Special Payments 1,050,000 0 1,050,000
<br /> Balance Available 4,217,091 472,116 a,b,c 4,689,207
<br />Total Non-Departmental 6,251,091 472,116 6,723,207
<br />TOTAL REQUIREMENTS 14,883,322 527,032 15,410,354
<br />150 Construction and Rental Housing Fund
<br />a) Beginning Working Capital Reconciliation: Increase the budgeted Beginning Working Capital by
<br />$527,032 and increase Balance Available by the same amount. This adjustment brings the FY19 budgeted
<br />Beginning Working Capital in compliance with the audited FY18 actual revenues and expenditures as
<br />determined by Isler & Company, LLC, the City's external auditor.
<br />b) Encumbrance Estimate Reconciliation: Reduce Planning and Development Department operating
<br />appropriations by $10,084 to reconcile the amount estimated for payment of obligations incurred but not paid in
<br />FY18 to the actual amount paid, and increase Balance Available by the same amount.
<br />c) One-Time Funding Requests: Increase Planning and Development Department operating appropriations
<br />by $65,000 for additional staffing for land use application review and decrease Balance Available by the same
<br />amount.
<br />18 December 10, 2018, Meeting – Item 5
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