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<br />170 Community Development Fund
<br /> FY06 FY06 FY06
<br /> Adopted SB1 Action Revised
<br />I. RESOURCES
<br />BEGINNING WORKING CAPITAL 1,620,537 201,376 a 1,821,913
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br />Intergovernmental 4,193,819 243,360 c 4.437,179
<br />Charges for Services 43,280 0 43,280
<br />Miscellaneous 843,000 300,000 d 1,143,000
<br />Fiscal Transactions 1,562,500 0 1,562,500
<br />Total Revenue 6,642,599 543,360 7,185,959
<br />TOTAL RESOURCES 8,263,136 744,736 9,007.872
<br />II. REQUIREMENTS
<br />Department Operating
<br />Central Services 4,000 0 4,000
<br />Planning and Development 4,383,008 349,149 c,d 4,732,157
<br />Total Department Operating 4,387,008 349,149 4.736.157
<br />Capital Projects
<br />Capital Projects 400,000 93,748 C 493,748
<br />Capital Carryover 131,844 (37,049) b 94,795
<br />Total Capital Projects 531,844 56,699 588,543
<br />Non-Departmental
<br />Interfund Transfers 110,000 0 110,000
<br />Misc. Fiscal Transactions 3.234,284 338,888 c 3,573,172
<br />Balance Available 0 0 a,b,c 0
<br />Total Non-Departmental 3,344,284 338,888 3,683,172
<br />TOTAL REQUIREMENTS 8,263,136 744,736 9,007,872
<br />170 Community Development Fund
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<br />a} This action increases the budgeted Beginning Working Capital by $201,376 and increases Balance
<br />Available. The changes bring the FY06 Budgeted Beginning Working Capital in compliance with the
<br />audited FY05 actual revenues and expenditures as determined by Grove, Mueller & Swank P.C., the
<br />City's external auditor.
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<br />b} This action reconciles the Capital Carryover estimate, decreases capital carryover by $37,049, and
<br />increases Balance Available by the same amount.
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<br />c} This action recognizes $243,360 in Community Development Block Grant revenue and uses $238.425
<br />from Balance Available in order to increase expenditure authority for grant projects in the Planning and
<br />Development Department by $49,149, Mise Fiscal Transactions by $338,888 for CDBG and HOME Grant
<br />Loan programs, and Capital by $93,748 for grant funded projects.
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<br />d) This action increases Springfield HOME grant pass-through program revenue by $300,000 and
<br />increases appropriation authority in the Planning and Development Department for the same amount.
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