2022-2023 Operating BudgetHRA GENERAL 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.
DIVISION: Housing (016)
OBJECT DESCRIPTION
Personal Services
6110
Salaries -Regular Employees
6150
Employee Insurance
6160
Retirement
TOTAL Personal Services
Supplies and Services
6320
Operating Supplies
6340
Professional Services
6344
Use of Personal Auto
6411
Conferences and Schools
6413
Dues and Subscriptions
TOTAL Supplies and Services
TOTALS
CITY OF GOLDEN VALLEY
2022 - 2023 OPERATING BUDGET
PROGRAM: Housing (9190)
2019 2020 2021 2021 2022 2022 2023
ACTUAL ACTUAL ADOPTED ESTIMATED CONCEPT PROPOSED CONCEPT
$0 $0 $109,400
$97,315
$112,685
$125,150
$129,285
- - 18,305
25,060
18,425
32,225
33,290
18,545
15,570
19,100
20,025
20,685
146,250
137,945
150,210
177,400
183,260
- - 250
250
250
500
500
5,094 10,000
10,000
10,000
5,000
50,000
- 500
500
500
500
500
- 3,000
2,500
3,000
5,000
3,000
- 2,000
2,000
2,000
2,000
2,000
5,094 159750
1,430
15,750
13,000
56,000
- 5,094 162,000
139,375
165,960
190,400
239,260
HRA HOUSING FUND
Actual 2019
Actual 2020
Adopted 2021
Estimated 2021
Concept 2022
Proposed 2022
Concept
2023
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
$0
0.0%
0.0%
72,000
44.4 %
$72,000
44.4 %
$165,960
100.0 %
$194,000
100.0 %
$244,045
100.0
Interest
1,443
100.0 %
191 100.0 %
0
0.0%
$0
0.0%
$0
0.0%
$0
0.0%
$0
0.0
Fund Balance
-
0.0%
0.0%
90,000
55.6%
90,000
55.6%
0
0.0%
0
0.0%
0
0.0%
TOTALS
$1,443
100.0 %
$191 100.0 %
$162,000
100.0 %
$162,000
100.0 %
$165,960
100.0 %
$194,000
100.0 %
$244,045
100.0
CITY OF GOLDEN VALLEY
HRA HOUSING FUND
FUND BALANCE ANALYSIS
Fund Balance @ 01/01/21 $100,792
Estimated Revenue - 2021 $72,000
Estimated Expenses - 2021 139,375
Excess of Revenue Over (Under) Expenses (67,375)
Estimated Fund Balance @ 12/31/21 $33,417
Proposed Revenue - 2022 194,000
Proposed Expenses - 2022 190,400
Excess of Revenue Over (Under) Expenses 3,600
Projected Fund Balance @ 12/31/22 $37,017
Concept Revenue - 2023 244,045
Concept Expenses - 2023 239,260
Excess of Revenue Over (Under) Expenses 4,785
Projected Fund Balance @ 12/31/23 $41,802
* Working Capital is defined as current assets minus current liabilities.
Fiscal Disparities will lower the revenue in 2022 and 2023.