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Development Impact Fees Subject to AB1600
<br /> Lower Income Housing Fund(271)
<br /> Fund Balance,Fees Collected,Interest Earned,Transfers and Project Expenditures-Five Year History
<br /> Fiscal Year
<br /> 2006/07 2007/08 2008/09 2009/10 2010/11
<br /> BEGINNING FUND BALANCE $10,872,379 $12,189,954 $ 13,149,764 $ 15,485,261 $15,682,963
<br /> REVENUE
<br /> Lower Income Housing Fees 933,801 795,436 247,921 72,386 148,481
<br /> Loan Proceeds 35,000 227,487 20,000 - 128,536
<br /> Miscellaneous Revenues 180,146 213,580 477,280 478,016 288,223
<br /> Interest 505,756 589,211 554,863 335,965 88,318
<br /> TOTAL REVENUE 1,654,703 1,825,713 1,300,064 886,368 653,558
<br /> TRANSFERS
<br /> Transfers In' - 1,475,406 -
<br /> -
<br /> -
<br /> TOTAL TRANSFERS - - 1,475,406 - -
<br /> EXPENDITURES
<br /> Kottinger Place Development-#271002 45,726 59,938 32,470 46,865 -
<br /> City Match to State HELP Loan-#272007 - 227,487 40,000 20,000 -
<br /> State HELP Loan-#272008 - 227,487 20,000 - -
<br /> State HELP Loan-Bridge Housing#272009 - - - - 449,750
<br /> City Down Payment Assistance-#272018 - - 20,000 20,000 40,000
<br /> Kottinger Place Improvements-#808003 - 3,732 - - -
<br /> Echo Housing-#808053 46,180 44,350 45,730 47,910 50,000
<br /> Housing Rehab Prog.-Neighborhood Solutions-#808058 39,681 - - - -
<br /> Housing Case Mgmt Scholarships-#808067 - 12,000 12,000 12,000 12,463
<br /> Community Resources-Independent Living-#808070 10,086 14,081 14,504 14,939 15,000
<br /> Senior Reverse Mortgage Counseling-#808083 - 14,361 12,209 5,106 6,500
<br /> Loan Expense-Ridge View Housing-#999999 - - - 225,000 -
<br /> Overhead-Administrative Expense-#999999 169,455 200,274 167,064 195,976 195,731
<br /> Purchase of Property-#999999 - - - - 891,673
<br /> Miscellaneous Housing Expenditures-#999999 26,000 62,194 75,995 73,024 308,377
<br /> TOTAL EXPENDITURES 337,128 865,904 439,972 660,820 1,969,493
<br /> ENDING FUND BALANCE $ 12,189,954 $ 13,149,764 $ 15,485,261 $ 15,710,809 $ 14,367,028.
<br /> Prior Period Adjustment (27,845)
<br /> REVISED ENDING FUND BALANCE $ 15,682,963
<br /> *Housing loan repayments transferred from Fund 272 Housing Loan Fund($997,995)
<br /> Close out of Fund 273 Ridge View Mortgage Fund ($440,532)
<br /> Close out of Fund 571 Ridge Commons Housing Fund ($36,879)
<br /> Unexpended Fees Subject to AB1600
<br /> $ 10,872,379 Beginning Fund Balance,7/1/06
<br /> (3,576,081) **Total Expenditures related to AB1600 Fees
<br /> $ 7,296,298 Unexpended Fees Subject to AB1600 at 6/30/11
<br /> **Does not include State HELP Loan Expenditures(#272008񂚉)
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