Adopted Budget Projected Budget 2016-2017

Community Services - Nussbaum Housing Partnership Revolving Fund

BUDGET SUMMARY

2014-15

2015-16 Budget

2016-17 Adopted

2017-18 Projected

Actual

Expenditures:

Personnel Costs

783,208

938,772

1,088,854

1,123,709

Maintenance & Operations

2,067,354

2,406,245

904,905

939,862

Capital Outlay

62,754

6,610

0

0

Total

2,913,316

3,351,627

1,993,759

2,063,571

Total FTE Positions

12.045

12.045

13.175

13.175

Revenues:

User Charges

1,294,727

51,000

51,000 121,159

51,000 159,811

Appropriated Fund Balance

299,368

1,504,867 1,754,000

Property Taxes

1,744,380

1,782,000

1,811,000

General Fund Transfer

0

0

0

0

All Other

790,327

41,760

39,600

41,760

Subtotal

4,128,802

3,351,627

1,993,759

2,063,571

Total

4,128,802

3,351,627

1,993,759

2,063,571

BUDGET HIGHLIGHTS  The FY 16-17 Adopted Budget is decreasing by $1,357,868, or 40.5%.  In FY 15-16, the appropriation of additional fund balance was used for more housing rehabilitation, housing development, and homebuyer assistance and education programs.  The FY 16-17 Adopted Budget includes a net increase of 1.13 FTE. An Assistant City Attorney position is added, which will be equally funded between the Housing Partnership Fund and the General Fund. Two full-time positions, a Grants Compliance Administrator and a Financial Analyst position, were transferred from the Community Development Block Grant (CDBG) Fund to the Nussbaum Fund during the FY 15-16 year. One full-time position, a Business Office Supervisor, was transferred from the Nussbaum Fund to the Planning Department. One full-time position, an Administrative Support Specialist, previously fully funded in the Nussbaum Fund has been partially allocated to the Planning Department.  The Nussbaum Housing Partnership Fund programs and finances will continue to be managed by the Neighborhood Development Department.

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