2018-2019 Adopted Budget

Community Services - Nussbaum Housing Partnership Revolving Fund

BUDGET SUMMARY

2016-17

2017-18 Budget

2018-19 Adopted

2019-20 Projected

Actual

Expenditures:

Personnel Costs

1,015,459 1,454,429

1,143,321 1,766,686

1,157,709

1,182,433

Maintenance & Operations

930,195

931,452

Capital Outlay

0

0

0

0

Total

2,469,888

2,910,007

2,087,904

2,113,885

13.175

12.875

12.800

Total FTE Positions

12.800

Revenues:

User Charges

91,576

60,000

75,000

75,000

Appropriated Fund Balance

1,124,025

553,592

44,144

41,125

Property Taxes

1,796,641

1,882,000

1,912,000

1,941,000

Transfer from Other Funds

0

362,655

0

0

All Other

12,151

51,760

56,760

56,760

Subtotal

3,024,393

2,910,007

2,087,904

2,113,885

Total

3,024,393

2,910,007

2,087,904

2,113,885

BUDGET HIGHLIGHTS  The FY 18-19 Budget is decreasing by $822,103, or 28.3%.  The FY 18-19 appropriated fund balance need is decreasing from $553,592 in FY 17-18 to $44,144 in FY 18-19. Fund balance was used in FY 17-18 to support the new Housing Hub.  The Neighborhood Development Department will continue to manage the Nussbaum Housing Partnership Fund’s programs and finances.

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