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170 Community Development Fund
<br />FY09FY09FY09
<br />AdoptedSB1 ActionRevised
<br />I.RESOURCES
<br />BEGINNING WORKING CAPITAL
<br />1,075,909956,0922,032,001
<br />a
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Intergovernmental4,630,0002,143,7446,773,744
<br />a,b,c,d,f
<br /> Charges for Services6,00006,000
<br /> Miscellaneous1,112,75001,112,750
<br /> Fiscal Transactions6,782,0003,215,9309,997,930
<br />b,f
<br />Total Revenue12,530,7505,359,67417,890,424
<br />TOTAL RESOURCES13,606,6596,315,76619,922,425
<br />II.REQUIREMENTS
<br />Department Operating
<br /> Central Services4,00004,000
<br /> Planning and Development3,026,280578,0003,604,280
<br />b,c,d
<br />Total Department Operating3,030,280578,0003,608,280
<br />Capital Projects
<br /> Capital Projects260,0000260,000
<br /> Capital Carryover74,874(44,130)30,744
<br />e
<br />Total Capital Projects334,874(44,130)290,744
<br />Non-Departmental
<br /> Debt Service600,0000600,000
<br /> Interfund Transfers73,000073,000
<br /> Misc. Fiscal Transactions2,268,5052,297,6294,566,134
<br />a,b,d
<br /> Intergovernmental Expend.6,700,0003,390,93010,090,930
<br />f
<br /> Reserve (Less RFE)600,0000600,000
<br /> Balance Available093,33793,337
<br />a,b,e
<br />Total Non-Departmental10,241,5055,781,89616,023,401
<br />TOTAL REQUIREMENTS13,606,6596,315,76619,922,425
<br />170 Community Development Fund
<br />Beginning Working Capital Reconciliation:
<br />a) Increase the budgeted Beginning Working Capital
<br />by $956,092, increase the budgeted CDBG Grant Revenue by $30,744, decrease loans for historic
<br />preservation by $88 and increase Balance Available by $986,924. The changes bring the FY09
<br />Budgeted Beginning Working Capital in compliance with the audited FY08 actual revenues and
<br />expenditures as determined by Isler & Company, LLC, the City's external auditor.
<br />CDBG and HOME Grants:
<br />b) Rebudget $768,000 of CDBG/HOME grant revenues and recognize
<br />$510,000 received this Fall from a HOME loan payoff. Increase CDBG/HOME loan disbursements by
<br />$1,697,717 and reappropriate $518,000 for FY09 CDBG/HOME grant expenditures. The difference
<br />between the revenues and expenditures is offset by a $937,717 reduction to Balance Available.
<br />Harvard Innovations Grant:
<br />c) Recognize Harvard Innovations grant award for replication of
<br />landbanking for affordable housing program in the amount of $10,000 and increase appropriations
<br />by the same amount.
<br />HUD Neighborhood Stabilization Grant:
<br />d) Recognize $650,000 in grant revenues from the HUD
<br />Neighborhood Stabilization Program, establish appropriations in the amount of $600,000 for housing
<br />acquisition projects and increase Planning & Development Department operating appropriations by
<br />$50,000 to cover administrative expenses associated with this grant.
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