FY2021‐2022 Proposed Mid‐Year Budget 1/19/2022
Richmond Housing Authority
CAPITAL FUND NEVIN PLAZA NYSTROM VILLAGE COCC RICHMOND VILLAGE I RIC HMOND VILLAGE II RICHMOND VILLAGE III 4201 440 4 4405 4501 SUBTOTAL 4406 4407 4408 GRAND TOTAL
REVENUES
OPERATING SUBSIDY 700,000.0 0 500,000.0 0 1,200,000.0 0 248,684.0 0 219,283.0 0 87,977.0 0 1,755,944.0 0 CAPITAL FUND SUBSIDY 1,175,958.0 0 ‐ ‐ ‐ 1,175,958.0 0 1,175,958.00 TENANT RENTAL INCOME 371,000.0 0 200,000.0 0 571,000.0 0 571,000.00 ADMIN FEES ‐ ‐
ASSET MGMNT FEES ‐ ‐
PROGRAM INCOME ‐ ‐
OTHER REVENUE/REIMBURSEMENTS 5,856.0 0 190,000.0 0 195,856.0 0 ‐ ‐ ‐ 195,856.0 0 OPERATING TRANSFER IN FROM CAPITAL FUND 293,990.0 0 293,990.0 0 25% of Capital Fund Subsidy for AMP Operations 293,9 90.00 OPERATING TRANSFER IN FROM GF 181,986.0 0 588,386.0 0 770,372.0 0 770,372.00 REVENUES Total 1,175,958.00 1,552,832.00 700,000.00 778,386.00 4,207,176.00 248,684.00 219,283.00 87,977.00 4,763,120.00
EXPENSES
SALARIES & WAGES ‐ 65,000.0 0 60,000.0 0 418,896.0 0 543,896.0 0 ‐ ‐ ‐ 543,896.0 0 FRINGE BENEFITS ‐ 45,000.0 0 46,114.0 0 284,490.0 0 375,604.0 0 ‐ ‐ ‐ 375,604.0 0 OTHER PAY ‐ 2,520.0 0 10,368.0 0 12,888.0 0 ‐ ‐ ‐ 12,888.0 0 COMPENSATED ABSENCES ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ RETIREE BENEFITS ‐ ‐ ‐ 75,000.0 0 75,000.0 0 ‐ ‐ ‐ 75,000.0 0 COST ALLOC. GEN. LIABILITY ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ COST ALLOC. ADMIN ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ OPERATING EXPENSES ‐ 77,639.0 0 52,924.0 0 130,563.0 0 ‐ ‐ ‐ 130,563.0 0 PROFESSIONAL SERVICES 246,000.0 0 872,823.0 0 182,744.0 0 1,301,567.0 0 ‐ ‐ ‐ 1,301,567.0 0 CONTRACTURAL SERVICES 30,000.0 0 75,050.0 0 150,250.0 0 255,300.0 0 ‐ ‐ ‐ 255,300.0 0 EQUIPMENT SERVICES ‐ 10,250.0 0 1,500.0 0 11,750.0 0 ‐ ‐ ‐ 11,750.0 0 GRANT EXPENSES 221,980.0 0 ‐ ‐ 221,980.0 0 248,684.0 0 219,283.0 0 87,977.0 0 777,924.0 0 MISC. EXPENSES 13,855.0 0 4,250.0 0 2,200.0 0 20,305.0 0 20,305.00 PROPERTY INSURANCE ‐ 24,300.0 0 16,200.0 0 40,500.0 0 ‐ ‐ ‐ 40,500.0 0 UTILITIES ‐ 376,000.0 0 177,700.0 0 553,700.0 0 ‐ ‐ ‐ 553,700.0 0 CAPITAL OUTLAY 370,133.0 0 ‐ ‐ ‐ 370,133.0 0 ‐ ‐ ‐ 370,133.0 0 OPERATING TRANSFER OUT 293,990.0 0 25% of Capital Fund Subsidy for AMP Operations 293,990.0 0 ‐ ‐ 293,990.0 0 EXPENSES Total 1,175,958.00 1,552,832.00 700,000.00 778,386.00 4,207,176.00 248,684.00 219,283.00 87,977.00 4,763,120.00 Surplus (Deficit) ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ P:\Dept\Finance\Divisions\RICHMOND HOUSING AUTHORITY\RHA ‐ BUDGET\FY2022\FY2021‐2022 RHA Proposed Annual Operating Budget 1‐19‐22