FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25
ACTUALS ACTUALS ACTUALS ACTUALS ACTUALS ACTUALS ACTUALS ESTIMATE BUDGET (3/31/24)
SOURCES OF FUNDS
Beginning Cash Balance 3,191,899.93 4,206,189.26 5,683,075.72 7,544,855.07 4,918,112.83 7,161,648.14 7,944,168.44 5,838,383.85 5,965,186.61 Program Income - Loan Repayments 178,391.61 195,265.02 1,104,057.63 144,281.86 1,168,511.87 603,174.30 279,013.97 118,911.03 50,000.00 Program Income - CHPP Program Major Rehab - - - - - - - 39,500.00 - Program Income - Purchase Option/Property Sales 65,659.00 655,195.88 (484.83) - - - - - - Program Income - Rent 6,025.00 1,100.00 (600.00) - - - - - - Program Income - Other 1,000.00 - 29,520.00 - - - 20,443.30 455,782.66 - Program Income - Bond Proceeds - - - - 480,132.00 - - - - Loan from COF - Blackstone/McKinley - - - - - - - - - 20% City/Agency Loan Repayment 992,235.00 800,724.00 1,043,839.00 851,597.00 829,801.00 433,123.00 467,034.00 400,000.00 250,000.00 Program Project Expense - 329 College - - - - - - (26,000.00) - - Program Project Expense - Blackstone/McKinley - - - - - - (2,200,000.00) - - Program Project Expense - Florence/Walnut (SHE) - - - - - - - - - Program Project Expense - Hye Court - - - - - - (407,033.33) (662,321.33) - Program Project Expense - Annadale/Elm - - - (3,200,000.00) - - - - - Program Income Expenses (229,021.28) (175,398.44) (314,552.45) (422,621.10) (234,909.56) (256,497.39) (239,242.53) (225,069.60) - Ending Cash Balance/Total Sources of Funds 4,206,189.26$ 5,683,075.72$ 7,544,855.07$ 4,918,112.83$ 7,161,648.14$ 7,944,168.44$ 5,838,383.85$ 5,965,186.61$ 6,265,186.61$ Less: Encumbered Funds - Blackstone/McKinley - - - - - - - - - Less: Encumbered Funds - Annadale/Elm - - - - - - (300,000.00) (300,000.00) (300,000.00) Less: Encumbered Funds - Loan Repayment - Blackstone/McKinley - - - - - (474,750.00) - - Less: Encumbered Funds - Heritage Estates - - - - - - - (1,200,000.00) (1,200,000.00) Less: Encumbered Funds - South Stadium - - - - - - - - - Less: Encumbered Funds - Florence/Walnut - - - - - - (730,000.00) (730,000.00) (730,000.00) Less: Encumbered Funds - Hye Court - - - - - - (814,066.67) (255,114.34) (255,114.34) Less: Encumbered Funds - 1740 Van Ness - - - - - - (482,553.48)$ (482,553.48)$ (482,553.48)$ Ending Unencumbered Cash Balance/Total Sources of Unencumbered Funds 3,037,013.70$ 2,997,518.79$ 3,297,518.79$ USES OF RESTRICTED UNENCUMBERED FUNDS:
Administration (1): 30% 30%-60% 60%-80% total
Personnel Salaries & Benefits Heritage Estates - - - - 300,000.00$ Operations and Maintenance Florence/Plumas - - 100,000.00 100,000.00 225,000.00 Sub-Total - Administration Mono & G 831,755.64 415,000.00 - 1,246,755.64 525,000.00$ Affordable Housing Development: Fulton - 500,000.00 400,000.00 900,000.00 FHS-owned sites other FHS sites - 471,259.40 54,503.76 525,763.15 Income Target Requirements: total 831,755.64 1,386,259.40 554,503.76 2,772,518.79 Development of Affordable Housing-<30% AMI 30% 831,755.64$ Development of Affordable Housing-30-60% AMI 30%-60% 1,386,259.40$ Development of Affordable Housing-60-80% AMI 60%-80% 554,503.76$ Sub-Total - Affordable Housing Development 2,772,518.79$ (1) Administrative Allowance pursuant to California Health & Safety Code Section 34176.1(a).
HOUSING SUCCESSOR TO THE REDEVELOPMENT AGENCY OF THE CITY OF FRESNO FY24-25 PROGRAM INCOME FUNDS BUDGET