FY2022-2023 Proposed Mid-Year Budget 2/27/2023
Richmond Housing Authority
Attachment 2
CAPITAL FUND NEVIN PLAZA NYSTROM VILLAGE COCC
RICHMOND
VILLAGE I
RICHMOND
VILLAGE II
RICHMOND
VILLAGE III
4201 4404 4405 4501 SUBTOTAL 4406 4407 4408 GRAND TOTAL
REVENUES
OPERATING SUBSIDY 635,243.00 416,629.00 1,051,872.00 233,080.00 205,818.00 78,516.00 1,569,286.00 CAPITAL FUND SUBSIDY 1,110,141.00 - - 1,110,141.00 1,110,141.00 TENANT RENTAL INCOME 212,864.00 250,000.00 462,864.00 462,864.00 OTHER REVENUE/REIMBURSEMENTS 6,000.00 6,000.00 12,000.00 - - - 12,000.00 ADMINISTRATION TRANSFER IN FROM CAPITAL FUND 111,014.00 111,014.00 111,014.00 OPERATING TRANSFER IN FROM CAPITAL FUND 277,535.00 277,535.00 277,535.00 OPERATING TRANSFER IN FROM GF 946,116.00 370,119.00 35,969.00 1,352,204.00 1,352,204.00 REVENUES Total 1,110,141.00 2,077,758.00 1,042,748.00 146,983.00 4,377,630.00 233,080.00 205,818.00 78,516.00 4,895,044.00
EXPENSES
SALARIES & WAGES 329,657.00 249,318.00 38,255.00 617,230.00 - - - 617,230.00 FRINGE BENEFITS 254,542.00 194,769.00 88,354.00 537,665.00 - - - 537,665.00 COST ALLOC. ADMIN 78,878.00 41,183.00 20,374.00 140,435.00 - - - 140,435.00 OPERATING EXPENSES 20,000.00 80,445.00 50,630.00 151,075.00 - - - 151,075.00 PROFESSIONAL SERVICES 655,308.00 128,328.00 783,636.00 - - - 783,636.00 EQPT & CONTRACT SVCS 74,700.00 134,000.00 208,700.00 - - - 208,700.00 GRANT EXPENSES 356,966.00 356,966.00 233,080.00 205,818.00 78,516.00 874,380.00 PROPERTY INSURANCE 38,120.00 25,420.00 63,540.00 - - - 63,540.00 UTILITIES 530,108.00 195,100.00 725,208.00 - - - 725,208.00 CAPITAL OUTLAY 344,626.00 36,000.00 24,000.00 404,626.00 - - - 404,626.00 ADMINISTRATION TRANSFER OUT 111,014.00 10% of Capital Fund Subsidy for COCC Administration 111,014.00 - - 111,014.00 OPERATING TRANSFER OUT 277,535.00 25% of Capital Fund Subsidy for AMP Operations 277,535.00 - - 277,535.00 EXPENSES Total 1,110,141.00 2,077,758.00 1,042,748.00 146,983.00 4,377,630.00 233,080.00 205,818.00 78,516.00 4,895,044.00 Surplus (Deficit) - - - - - - - - C:\Users\arredog\Desktop\MID -YEAR RHA\Attachment 2 - RHA Mid Year Budget 2022-23