FY21 FY22 FY23 FY24 FY25 FY26 FY27
ACTUALS ACTUALS ACTUALS ACTUALS ACTUALS ESTIMATE BUDGET (3/31/26)
SOURCES OF FUNDS
Beginning Cash Balance 4,918,112.83 7,161,648.14 7,944,168.44 5,838,383.85 6,587,968.76 5,478,122.28 4,138,073.18 Program Income - Loan Repayments/Int 1,125,294.72 518,555.91 212,805.46 779,771.36 201,140.30 51,042.25 50,000.00 Program Income - Fultonia Loan 43,217.15 55,098.39 66,208.51 76,758.64 82,151.13 16,947.41 - Program Income - CHPP Major Rehab Loans - 29,520.00 - 39,500.00 54,806.00 29,520.00 - Program Income - Property Sale - - - - 1,000.00 - - Program Income - Rent - - - - - - - Program Income - Other - - 20,443.30 662,816.00 676.00 - - Program Income - Bond Proceeds 480,132.00 - - - - - - 20% City/Agency Loan Repayment 829,801.00 433,123.00 467,034.00 400,000.00 250,000.00 262,996.00 - 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) - - - - (528,211.00) (174,373.00) - Program Project Expense - Hye Court - - (407,033.33) (917,435.67) - - - Program Project Expense - Annadale/Elm - - - (27,831.53) (270,910.38) - - Program Project Expense - Heritage Estates - - - - - (1,200,000.00) - Program Project Expense - 1740 Van Ness - - - - (482,553.48) - - Program Income Expenses (234,909.56) (256,497.39) (239,242.53) (263,993.89) (417,945.05) (326,181.76) - Ending Cash Balance 7,161,648.14$ 7,944,168.44$ 5,838,383.85$ 6,587,968.76$ 5,478,122.28$ 4,138,073.18$ 4,188,073.18$ Less: Encumbered Funds - 33 E Atchison - - - - - (275,000.00) (275,000.00) Less: Encumbered Funds - Annadale/Elm - - - - (858.09) (858.09) (858.09) Less: Encumbered Funds - Heritage Estates - - - - (1,200,000.00) - - Less: Encumbered Funds - B Street - - - - - (836,200.00) (836,200.00) Less: Encumbered Funds - Florence/Walnut - - - - (201,789.00) (27,416.00) (27,416.00) Less: Encumbered Funds - 1740 Van Ness - - - - - - - Ending Encumbered Cash Balance (1,402,647.09)$ (1,139,474.09)$ (1,139,474.09)$ Ending Unencumbered Cash Balance 4,075,475.19$ 2,998,599.09$ 3,048,599.09$ 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:
FHS-owned sites net unencumbered2,523,599.09
Income Requirements:
Development of Affordable Housing-30% or less AMI 30% or less 2,523,599.00 Development of Affordable Housing-greater than 30-60% AMI greater than 30%-60% - Development of Affordable Housing-greater than 60-80% AMI greater than 60%-80% - Affordable Housing Development 2,523,599.00$
(1) Administrative Allowance pursuant to California Health & Safety Code Section 34176.1(a).
HOUSING SUCCESSOR TO THE REDEVELOPMENT AGENCY OF THE CITY OF FRESNO FY26-27 PROGRAM INCOME FUNDS BUDGET
5/22/2026