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Development Impact Fees (For Information Only)
<br />Lower Income Housing Fund 122
<br />Fund Balance, Fees Collected, Interest Earned, Transfers and Project Expenditures - Five Year History
<br />2019/20 2020/21 2021/22 2022/23 2023/24
<br />BEGINNING FUND BALANCE 9,900,276$ 10,357,205$ 11,160,053$ 11,845,472$ 13,109,774$
<br />REVENUE
<br />Lower Income Housing Fees 486,444 837,895 1,289,543 1,571,955 333,208
<br />Loan Proceeds 37,415 70,291 82,859 142,172 37,268
<br />Miscellaneous Revenues 581,093 1,050,998 987,592 751,997 1,073,620
<br />Interest (includes GASB31 interest adjustment)307,947 33,796 (606,079) (113,941) 521,757
<br />TOTAL REVENUE 1,412,899 1,992,980 1,753,915 2,352,183 1,965,853
<br />TRANSFERS
<br />Transfers Out 20,189
<br />TOTAL TRANSFERS -$ -$ -$ -$ 20,189$
<br />EXPENDITURES
<br />1st Time Home Buyer Program #16927, #21904 46,735 40,572 35,100 25,000 30,000
<br />Centro Legal De La Raza - Housing - #22904 59,245 40,000 36,597
<br />City Down Payment Assistance - #14918 90,000
<br />Comm Resources-Independent Living -#11870 13,705 19,501 15,000 15,000 15,000
<br />Coronavirus (COVID-19) #20903 5,322
<br />Echo Housing - #11853 61,631 46,427 56,081 55,458 63,356
<br />Emergency Rental Assistance Program #20904 250,000 450,000
<br />Goodness Village - Tiny Home Comm, # 11868 40,000 57,720
<br />Housing Case Mgmt Scholarships - #11867 41,087 41,308 33,827 39,361 38,500
<br />Housing Loan Expense 58,824
<br />Housing Rehab #11858 569 460 477 447 498
<br />Housing Rehabilitation Program #17903 3,455 37,922 178,383 57,061 35,000
<br />Leap Grant Housing #21801 221,039
<br />Miscellaneous Housing Expenditures - #99999 121,337 122,772 230,133 113,040 116,266
<br />Overhead - Administrative Expense - #99999 387,129 396,170 425,249 350,769 373,547
<br />Tri-Valley Reach - #11866 25,000 35,000 35,000 40,707 40,000
<br />TOTAL EXPENDITURES 955,970 1,190,132 1,068,495 1,087,881 865,308
<br />ENDING FUND BALANCE 10,357,205$ 11,160,053$ 11,845,472$ 13,109,774$ 14,230,508$
<br />*Transfers Out to Fund 121 for $20,189 related to GASB 87 adjustments in FY24
<br />Unexpended Fees
<br />9,900,276$ Beginning Fund Balance, 7/1/19
<br />20,189 Transfers Out*
<br />(5,167,787) Total Expenditures
<br />4,752,678$ Fees collected prior to FY19 not yet spent
<br />Page 256 of 893
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