City of Sacramento
City Council Report
915 I Street, 1st Floor
Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2022-01466 9/13/2022 Discussion Item 2.
(Housing Authority) 2022 Sacramento Housing and Redevelopment Agency Midyear Budget Overview (Oral Report)
File ID: 2022-01466
Location: Citywide
Recommendation: Receive and file.
Contact: La Shelle Dozier, Executive Director, (916) 440-1319, [email protected], Sacramento Housing and Redevelopment Agency
Presenter: Susana Jackson, Chief Financial Officer, (916) 440-1373, [email protected], Sacramento Housing and Redevelopment Agency
Attachments:
1-Description/Analysis
Description/Analysis
Issue Detail: The midyear budget presentation provides an overview of appropriated resources, funding sources and uses, and major changes to revenue and expense projections for the Sacramento Housing and Redevelopment Agency since the adoption of the FY 2022 Approved Budget.
The 2022 Budget was as follows:
OPERATIONS
Salaries and Benefits 38.7
Services and Supplies 24.1
Housing Assistance Payments 130.7
Emergency Rental Assistance Payments 66.7
Debt Service 2.2
Financial Transactions 0.6
Public Services 5.7
Subtotal 268.70 $
CAPITAL PROJECTS 78.4
Grand Total 2022 Budget $347.1
Calendar Year 2022 Proposed Budget
($ In Millions)
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File ID: 2022-01466 9/13/2022 Discussion Item 2.
OPERATIONS
Salaries and Benefits 38.7
Services and Supplies 24.1
Housing Assistance Payments 130.7
Emergency Rental Assistance Payments 66.7
Debt Service 2.2
Financial Transactions 0.6
Public Services 5.7
Subtotal 268.70$
CAPITAL PROJECTS 78.4
Grand Total 2022 Budget $347.1
Calendar Year 2022 Proposed Budget
($ In Millions)
As of June 30, 2022 the estimated most expenses are where the Agency anticipated.
OPERATIONS
Salaries and Benefits 18.2
Services and Supplies 11.7
Housing Assistance Payments 68.9
Emergency Rental Assistance Payments 41.0
Debt Service 0.1
Financial Transactions 0.1
Public Services 10.4
Subtotal $150.4
CAPITAL PROJECTS 28.1
Grand Total through June 30, 2022 $178.5
Actuals through June 30, 2022
Housing Assistance Payments and Emergency Rental Assistance are trending higher than anticipated, which is a positive change given the urgent need in the Sacramento area for affordable housing and rental relief.
Policy Considerations: None.
Economic Impacts: None.
Environmental Considerations: This is informational only. No environmental review required.
Sustainability: Not applicable.
Commission/Committee Action: Not applicable.
Rationale for Recommendation: Not applicable. No specific recommendation required.
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File ID: 2022-01466 9/13/2022 Discussion Item 2.
Financial Considerations: Not applicable.
Local Business Enterprise (LBE): Not applicable.
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