00 - 2023-2024 HRA BudgetHRA HOUSING FUND
The Housing Fund is a fund that is accounted for by the Housing and
Redevelopment Authority (HRA) General Fund and accounts for the
revenues by a levy and expenditures necessary to carry out housing
and redevelopment activities.
CITY OF GOLDEN VALLEY
HRA HOUSING FUND
Revenue
Actual 2020
Percent
Amount of Total
Actual 2021
Percent
Amount of Total
Adopted 2022
Percent
Amount of Total
Estimated 2022
Percent
Amount of Total
Concept 2023
Percent
Amount of Total
ADOPTED 2023
Percent
Amount of Total
Concept 2024
Percent
Amount of Total
Property Tax Revenues
$0
0.0%
$72,000
100.5%
$214,000
101.7%
$210,400
100.0%
$250,000
102.0%
$245,000
101.7%
$255,000
102.0%
Allowance for Delinquencies
($3,600)
($4,785)
($4,000)
.1.7%
($4,900)
-2.0%
Interest
191
100.0%
(359)
-0.5%
$0
0.0%
$0
0.0%
$0
0.0%
$0
0.0%
$0
0.0%
Fund Balance
-
0.0%
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
TOTALS
$191
100.0%
$71,641
100.0%
$210,400
101.7%
$210,400
100.0%
$245,215
102.0%
$241,000
100.0%
$250,100
100.0%
CITY OF GOLDEN VALLEY
2023 - 2024 OPERATING BUDGET
DIVISION: Housing (016) PROGRAM: Housing (9190)
OBJECT
DESCRIPTION
2020
ACTUAL
2021
ACTUAL
2022
ADOPTED
2022
ESTIMATED
2023
CONCEPT
2023
ADOPTED
2024
CONCEPT
Personal Services
6110
Salaries -Regular Employees
$0
$99,456
$125,150
$125,150
$129,285
$129,920
$133,815
6150
Employee Insurance
-
26,620
32,225
32,225
33,290
35,050
31,130
6160
Retirement
14,539
20,025
20,025
20,685
20,785
21,410
TOTAL Personal Services
-
140,615
177,400
177,400
183,260
185,755
186,355
Supplies and Services
6320
Operating Supplies
-
500
500
500
500
500
6340
Professional Services
5,094
49
25,000
44,905
50,000
49,245
45,000
6344
Use of Personal Auto
-
-
500
500
500
500
500
6411
Conferences and Schools
164
5,000
5,000
3,000
3,000
5,500
6413
Dues and Subscriptions
-
150
2,000
2,000
2,000
2,000
2,000
TOTAL Supplies and Services
5,094
363
33,000
52,905
56,000
55,245
53,500
TOTALS
5,094
140,978
210,400
230,305
239,260
241,000
239,855
1
CITY OF GOLDEN VALLEY
HRA HOUSING FUND
FUND BALANCE ANALYSIS
Fund Balance @ 01 /01 /22 $31,454
Estimated Revenue - 2022 $210,400
Estimated Expenses - 2022 230,305
Excess of Revenue Over (Under) Expenses (19,905)
Estimated Fund Balance @ 12/31/22 $11,549
ADOPTED Revenue - 2023 241,000
ADOPTED Expenses - 2023 241,000
Excess of Revenue Over (Under) Expenses 0
Projected Fund Balance @ 12/31/23 $11,549
Concept Revenue - 2024 250,100
Concept Expenses - 2024 239,855
Excess of Revenue Over (Under) Expenses 10,245
Projected Fund Balance @ 12/31/24 $21,794
* Working Capital is defined as current assets minus current liabilities.
Fiscal Disparities will lower the revenue in 2022 through 2024.