FY20 FY21 FY22 FY23 FY24 FY25 FY26
ACTUALS ACTUALS ACTUALS ACTUALS ACTUALS ESTIMATE BUDGET (3/31/25)
SOURCES OF FUNDS
Beginning Cash Balance 7,544,855.07 4,918,112.83 7,161,648.14 7,944,168.44 5,838,383.85 6,587,968.76 5,669,935.56 Program Income - Loan Repayments/Int 85,455.16 1,125,294.72 518,555.91 212,805.46 779,771.36 106,703.60 50,000.00 Program Income - Fultonia Loan 58,826.70 43,217.15 55,098.39 66,208.51 76,758.64 60,885.97 - Program Income - CHPP Major Rehab Loans - - 29,520.00 - 39,500.00 25,286.00 - Program Income - Purchase Option/Property Sales - - - - - - - Program Income - Rent - - - - - - - Program Income - Other - - - 20,443.30 662,816.00 1,676.00 - Program Income - Bond Proceeds - 480,132.00 - - - - - 20% City/Agency Loan Repayment 851,597.00 829,801.00 433,123.00 467,034.00 400,000.00 250,000.00 262,995.80 Program Project Expenses
Program Project Expense - 329 College - - - (26,000.00) - - - Program Project Expense - Blackstone/McKinley - - - (2,200,000.00) - - - Program Project Expense - Florence/Walnut (SHE) - - - - - (264,973.00) - Program Project Expense - Hye Court - - - (407,033.33) (917,435.67) - - Program Project Expense - Annadale/Elm (3,200,000.00) - - - (27,831.53) (218,526.65) - Program Project Expense - 1740 Van Ness (482,553.48) - Program Income Expenses (422,621.10) (234,909.56) (256,497.39) (239,242.53) (263,993.89) (396,531.64) - Ending Cash Balance 4,918,112.83$ 7,161,648.14$ 7,944,168.44$ 5,838,383.85$ 6,587,968.76$ 5,669,935.56$ 5,982,931.36$ Less: Encumbered Funds - Blackstone/McKinley - - - - - - - Less: Encumbered Funds - Annadale/Elm - - - - (272,168.47) (53,641.82) (53,641.82) Less: Encumbered Funds - Heritage Estates - - - - (1,200,000.00) (1,200,000.00) (1,200,000.00) Less: Encumbered Funds - South Stadium - - - - - - - Less: Encumbered Funds - Florence/Walnut - - - - (730,000.00) (465,027.00) (465,027.00) Less: Encumbered Funds - Hye Court - - - - - - - Less: Encumbered Funds - 1740 Van Ness - - - - (482,553.48) - $ -$ Ending Encumbered Cash Balance (2,684,721.95) (1,718,668.82)$ (1,718,668.82)$ Ending Unencumbered Cash Balance 3,903,246.81$ 3,951,266.74$ 4,264,262.54$ USES OF RESTRICTED UNENCUMBERED FUNDS:
Administration (1):
Personnel Salaries & Benefits 300,000.00 $
Operations and Maintenance 225,000.00
Administration 525,000.00$
Affordable Housing Development: 30% 30%-60% 60%-80% total FHS-owned sites Heritage Estates - - - - Income Target Requirements: Florence/Plumas - - - - Development of Affordable Housing-<30% AMIChinatown/Mono&G1,189,263.54 415,000.00 - 1,604,263.54 30% 1,189,263.54$ Development of Affordable Housing-30-60% AMIdowntown/Fulton - 500,000.00 - 500,000.00 30%-60% 2,550,000.00$ Development of Affordable Housing-60-80% AMIother SWF sites - 1,635,000.00 - 1,635,000.00 60%-80% - $ Affordable Housing Development total 1,189,263.54 2,550,000.00 - 3,739,263.54 3,739,263.54$ (1) Administrative Allowance pursuant to California Health & Safety Code Section 34176.1(a).
HOUSING SUCCESSOR TO THE REDEVELOPMENT AGENCY OF THE CITY OF FRESNO FY25-26 PROGRAM INCOME FUNDS BUDGET
6/3/2025