City Council/Public Finance and Economic Development Authority/Parking Authority
November 4, 2024

Subtract: Adjusted
Admin Budget
(20% cap)
Subtract: Adjusted
Budget for Public Service
Programs
Indirect costs max 10% 15% cap
1 ('25/26) $ 307,913.40 $612,086 to $842,086
($122,417 to
$168,417) ($91,812 to $126,312) $397,857 to $547,357
2 ('25/26,'26/27) 153,956.70 $766,043 to $996,043 ($153,208 to
$199,208) ($114,906 to $149,406) $497,929 to $647,429
3 ('25/26, '26/27, '27/28) 102,637.80 $817,362 to $1,047,362 ($163,472 to
$209,472) ($122,604 to $157,104) $531,286 to $680,786
# Years Spread
(anticipated year)
Reduction
Amount/year
Adjusted Total HOME
Allocation
Subtract: Adjusted
Direct Admin Budget
(10% cap)
Programs
supported by
admin funds**
Remaining for Eligible
HOME Projects
1 ('25/26) $ 392,593.55 $ -62,593 to $182,406 ( $ 0 to $18,240) n/a $ 0 to $164,166*** 2 ('25/26,'26/27) 196,296.78 $133,703 to $378,703 ($13,370 to $37,870) n/a $120,333*** to
$340,833
3 ('25/26, '26/27, '27/28) 130,864.52 $199,135 to $444,135 ($19,913 to $44,413) Fair Housing
Services @
$34,000**
$179,222*** to
$399,722
*** range remaining does not include funding of Fair Housing Services Voluntary Grant Reduction (VGR) Repayment Schedule by HUD Resource Remaining for Other
Eligible CDBG Projects
Programs
supported by
admin funds
HOME - Estimates based upon allocation amounts over last 10 years = $330,000 to 575,000/year* Continuum of
Care @ $38,000)
CDBG - Estimates based upon allocation amounts over last 10 years = $920,000 to $1,150,000/year* * program income not factored
* program income not factored
Adjusted Total CDBG
Allocation
Reduction
Amount/year
# Years Spread
(anticipated year)
and Effect on Administrative, Public Service, and Other Project Funding ** only with adjusted HOME allocation of $340,000 or greater