00- 2024-2025 HRA Budget
HRA 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.
Percent Percent Percent Percent Percent Percent Percent
Revenue Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total
Property Tax Revenues $72,000 100.5%$213,241 89.5%$245,000 101.5%$245,000 101.5%$250,000 102.0%$288,880 101.4%$350,075 101.4%
Allowance for Delinquencies ($3,600)($3,600)($4,785)($4,000)-1.4%($4,900)-1.4%
Transfer from HRA General Fund $25,000
Interest (359) -0.5%- 0.0%$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 $71,641 100.0%$238,241 89.5%$241,400 101.5%$241,400 101.5%$245,215 102.0%$284,880 100.0%$345,175 100.0%
CITY OF GOLDEN VALLEY
HRA HOUSING FUND
REVENUE DETAIL
Concept 2025Concept 2024Actual 2021 Actual 2022 Adopted 2023 Estimated 2023 ADOPTED 2024
DIVISION: Housing (016)PROGRAM: Housing (9190)
2021 2022 2023 2023 2024 2024 2025
OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED CONCEPT ADOPTED CONCEPT
Personal Services
6110 Salaries-Regular Employees $99,456 $132,223 $129,920 $130,355 $133,815 $134,265 $138,280
6150 Employee Insurance 26,620 33,666 35,050 22,290 31,130 34,235 34,570
6160 Retirement 14,539 17,082 20,785 20,860 21,410 21,480 22,125
TOTAL Personal Services 140,615 182,971 185,755 $173,505 186,355 189,980 194,975
Supplies and Services
6320 Operating Supplies - 7 500 500 500 500 500
6340 Professional Services 49 8,456 49,245 15,000 45,000 85,000 140,000
6344 Use of Personal Auto - - 500 - 500 500 300
6411 Conferences and Schools 164 1,073 3,000 3,000 5,500 3,000 3,500
6413 Dues and Subscriptions 150 545 2,000 1,220 2,000 5,900 5,900
TOTAL Supplies and Services 363 10,081 55,245 19,720 53,500 94,900 150,200
TOTALS 140,978 193,052 241,000 193,225 239,855 284,880 345,175
CITY OF GOLDEN VALLEY
2024 - 2025 OPERATING BUDGET
Fund Balance @ 01/01/23 $11,549
Estimated Revenue - 2023 $241,400
Estimated Expenses - 2023 193,225
Excess of Revenue Over (Under) Expenses 48,175
Estimated Fund Balance @ 12/31/23 $59,724
ADOPTED Revenue - 2024 284,880
ADOPTED Expenses - 2024 284,880
Excess of Revenue Over (Under) Expenses 0
Projected Fund Balance @ 12/31/24 $59,724
Concept Revenue - 2025 345,175
Concept Expenses - 2025 345,175
Excess of Revenue Over (Under) Expenses 0
Projected Fund Balance @ 12/31/25 $59,724
* Working Capital is defined as current assets minus current liabilities.
Fiscal Disparities will lower the revenue in 2022 through 2024.
CITY OF GOLDEN VALLEY
HRA HOUSING FUND
FUND BALANCE ANALYSIS *