Housing Working Capital 2022CITY 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.