FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24
ACTUALS ACTUALS ACTUALS ACTUALS ACTUALS ACTUALS ACTUALS ACTUALS ESTIMATE BUDGET (3/31/23)
SOURCES OF FUNDS
Beginning Cash Balance 739,437.70$ 1,771,523.56$ 3,191,899.93 4,206,189.26 5,683,075.72 7,544,855.07 4,918,112.83 7,161,648.14 7,941,448.04 5,740,634.60 Program Income - Loan Repayments 257,346.18 244,463.57 178,391.61 195,265.02 1,104,057.63 144,281.86 1,168,511.87 603,174.30 203,529.29 50,000.00 Program Income - NSP Program - - - - - Program Income - Purchase Option/Property Sales 653,063.83 65,659.00 655,195.88 (484.83) - - - - Program Income - Rent 3,600.00 3,600.00 6,025.00 1,100.00 (600.00) - - - - Program Income - Other - - 1,000.00 29,520.00 - - - 20,443.30 Program Income - Bond Proceeds 480,132.00 - - Loan from COF - Blackstone/McKinley - - - 20% City/Agency Loan Repayment 844,236.40 687,671.00 992,235.00 800,724.00 1,043,839.00 851,597.00 829,801.00 433,123.00 467,034.40 400,000.00 Program Project Expense - 329 College (26,000.00)
Program Project Expense - Blackstone/McKinley (2,200,000.00) Program Project Expense - Florence/Walnut -
Program Project Expense - 450 M Street (407,033.33)
Program Project Expense - Annadale/Elm (3,200,000.00) - Program Income Expenses (73,096.72) (168,422.03) (229,021.28) (175,398.44) (314,552.45) (422,621.10) (234,909.56) (256,497.39) (258,787.10) Ending Cash Balance/Total Sources of Funds 1,771,523.56 3,191,899.93$ 4,206,189.26$ 5,683,075.72$ 7,544,855.07$ 4,918,112.83$ 7,161,648.14$ 7,941,448.04$ 5,740,634.60$ 6,190,634.60$ Less: Encumbered Funds - Blackstone/McKinley (1,500,000.00) (2,200,000.00) (2,200,000.00) (2,200,000.00) (2,200,000.00) (2,200,000.00) - Less: Encumbered Funds - Annadale/Elm (2,900,000.00) (3,500,000.00) (300,000.00) (300,000.00) (300,000.00) (300,000.00) (300,000.00) Less: Encumbered Funds - Loan Repayment - Blackstone/McKinley (474,750.00) (474,750.00) (474,750.00) (474,750.00) (474,750.00) - Less: Encumbered Funds - 329 N College (61,000.00) (61,000.00) (61,000.00) (61,000.00) (61,000.00) - - Less: Encumbered Funds - South Stadium (659,298.00) (659,298.00) - - Less: Encumbered Funds - Florence/Walnut (680,000.00) (730,000.00) (730,000.00) Less: Encumbered Funds - 450 M Street (662,486.00) (255,452.67) Less: Encumbered Funds - 1740 Van Ness (482,553.48)$ (482,553.48)$ (482,553.48)$ (482,553.48)$ Ending Unencumbered Cash Balance/Total Sources of Unencumbered Funds2,706,189.26$ 522,075.72$ 1,309,105.07$ 1,882,362.83$ 2,984,046.66$ 3,083,846.56$ 3,090,845.12$ 4,422,628.45$ USES OF RESTRICTED UNENCUMBERED FUNDS:
Administration (1):
Personnel Salaries & Benefits 250,000.00$
Operations and Maintenance 325,000.00
Sub-Total - Administration 575,000.00$
Affordable Housing Development:
Florence/Plumas, Mono/G, Fulton
Income Target Requirements:
Development of Affordable Housing-<30% AMI 30% 1,154,288.54$ Development of Affordable Housing-30-60% AMI 30%-60% 1,923,814.23 Development of Affordable Housing-60-80% AMI 60%-80% 769,525.69 Sub-Total - Affordable Housing Development 3,847,628.45$ (1) Administrative Allowance pursuant to California Health & Safety Code Section 34176.1(a).
HOUSING SUCCESSOR TO THE REDEVELOPMENT AGENCY OF THE CITY OF FRESNO FY23-24 PROGRAM INCOME FUNDS BUDGET
5/31/2023