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Aff Housing, Homeless RFP August 2022
2022 Affordable Housing 148 & Homeless Housing 149 8/18/2022 January - July 2022 (Updated 8-17-2022)148 149 TOTAL 148 149 TOTAL BEGINNING FUND BALANCE 521,072$ 301,674$ 822,746$ 521,072$ 301,676$ 822,748$ REVENUES County Sales Tax (1406) - Support Housing-Sales Use Tax 62,000 62,000 25,352 25,352 City Sales Tax (1406) - City Contribution Sales Use Tax 13,705 13,705 Sales Tax (1590) - Orig Budget $600,000 600,000 426,881 426,881 Investment Interest 350 250 600 1,006 1,102 2,108 Shelter Program Grant 45,000 45,000 35,076 35,076 Recording Fees 42,753 500,000 542,753 29,114 184,196 213,310 TOTAL REVENUES 705,103 545,250 1,250,353 496,058 220,374 716,432 EXPENSES Dove House 87,588 87,588 37,113 37,113 Habitat for Humanity 50,000 50,000 6,582 6,582 Habitat for Humanity - Landes Family Homes 27,000 27,000 27,000 27,000 Fairgrounds Housing 6,000 6,000 6,000 6,000 Bayside PTAC Heaters 35,000 35,000 21,400 21,400 Bayside Shelter Grant 45,000 45,000 43,395 43,395 Bayside Housing - Tiny 28,000 28,000 16,780 16,780 OlyCAP 7th Haven Project 600,000 600,000 600,000 600,000 OlyCap Adult Shelter 90,000 128,100 218,100 68,465 68,465 OlyCap Haines Street Cottages 40,000 40,000 32,994 32,994 Pfeiffer House/Owl 360 70,500 133,505 204,005 23,710 13,296 37,006 Treasurer Financial Service Fees 50 55 105 TOTAL EXPENSES 878,500 462,193 1,340,693 684,742 212,098 896,840 Change in Fund Balance -173,397 83,057 -90,340 -188,684 8,276 -180,408 ENDING FUND BALANCE 347,675$ 384,731$ 732,406$ 332,388$ 309,952$ 642,340$ Current Year Model 148 149 Total BEGINNING FUND BALANCE 521,072$ 301,674$ 822,746$ Budgeted Revenues 705,103 545,250 1,250,353 Budgeted Expenditures 878,500 462,193 1,340,693 Projected Ending Fund Balance 347,675$ 384,731$ 732,406$ Projected Current Year Model and Recommendation 148 149 Total 2022 Beginning Fund Balance 521,072$ 301,674$ 822,746$ Projected Revenues 900,000 545,250 1,445,250 Projected Expenditures 1,318,500 462,193 1,340,693 2022 Projected Ending Fund Balance 102,572$ 384,731$ 927,303$ Recommended Reserve (approx 25%)102,575$ 100,000$ 202,575$ 2022 Fund Balance for RFP -$ 284,500$ 284,500$ 1590 Revenue 585,000 585,000 Other Affordable Housing Revenue 102,000 102,000 Ending Homelessness 234,000 234,000 2023 Projected Revenues for RFP 687,000$ 234,000$ 921,000$ 2023 Recommended RFP 687,000$ 518,500$ 1,205,500$ Total $620,500 Other Housing Revenue SHB 1590 Revenue and Expenditure Budget Revenue Expense Net 2021 $438,556 $0 $438,556 2022 through 12/31/2022 $810,000 $1,040,000 -$230,000 Total $1,248,556 $1,040,000 $208,556 2022 Budget 2022 Actual Due to 1590 tracking approx. 30% higher in Sales Tax Revenue, the projected revenue is a cautious increase for 2022 year end revenues. An additional expenditure, $440,000 of 1590 funds, was approved by BoCC for Caswell-Brown