|
170 Community Development Fund
<br />FY10FY10FY10
<br />AdoptedSB1 ActionRevised
<br />I.RESOURCES
<br />BEGINNING WORKING CAPITAL
<br />1,706,429126,8191,833,248
<br />a
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Intergovernmental5,738,5191,687,1867,425,705
<br />a,b,c,e,f,g
<br /> Charges for Services5,00005,000
<br /> Miscellaneous1,117,25001,117,250
<br /> Fiscal Transactions7,478,00007,478,000
<br />Total Revenue14,338,7691,687,18616,025,955
<br />TOTAL RESOURCES16,045,1981,814,00517,859,203
<br />II.REQUIREMENTS
<br />Department Operating
<br /> Central Services6,00006,000
<br /> Planning and Development2,777,4501,104,8063,882,256
<br />b,c,e,f,g
<br />Total Department Operating2,783,4501,104,8063,888,256
<br />Capital Projects
<br /> Capital Projects500,0000500,000
<br /> Capital Carryover74,356(11,869)62,487
<br />d
<br />Total Capital Projects574,356(11,869)562,487
<br />Non-Departmental
<br /> Debt Service250,0000250,000DbSi20000020000
<br /> Interfund Transfers111,0000111,000
<br /> Misc. Fiscal Transactions4,960,502720,4925,680,994
<br />a,b,f,g
<br /> Intergovernmental Expend.6,700,00006,700,000
<br /> Reserve (Less RFE)600,0000600,000
<br /> Balance Available65,89057666,466
<br />a,b,d
<br />Total Non-Departmental12,687,392721,06813,408,460
<br />TOTAL REQUIREMENTS16,045,1981,814,00517,859,203
<br />170 Community Development Fund
<br />Beginning Working Capital Reconciliation:
<br />a) Increase the budgeted Beginning Working Capital by
<br />$126,819, increase the budgeted FY10 CDBG Grant Revenue by $62,487, decrease the budgeted
<br />FY10 HOME Grant Revenue by $45,896, decrease Commercial Revitalization Trust loan appropriations
<br />by $242, increase Historic Properties loan appropriations by $7,792, and increase Balance Available by
<br />$135,860. These changes bring the FY10 Budgeted Beginning Working Capital in compliance with the
<br />audited FY09 actual revenues and expenditures as determined by Isler & Company, LLC, the City's
<br />external auditor.
<br />CDBG Grant:
<br />b) Rebudget $265,000 of CDBG grant revenues and reappropriate the same amount for
<br />FY10 CDBG grant expenditures. Reduce Balance Available by $147,153 and increase CDBG/HOME
<br />revolving loan appropriations by the same amount.
<br />Rebudget
<br />c) Harvard Innovations Grant revenue for replication of landbanking for affordable housing
<br />program in the amount of $10,000 and increase operating appropriations in the Planning &
<br />Development Department by the same amount.
<br />Capital Carryover Reconciliation:
<br />d) Decrease the capital carryover by $11,869 and increase
<br />Balance Available by the same amount. The adjustment reconciles the FY10 Capital Carryover
<br />Estimate to the actual ending FY09 capital projects balance and carry forward.
<br />
|