FY20-21 Operating Budget

General Fund Operating Budget

Revenue	Amended 2019/2020 Budget	Approved 2020/2021 Budget	Approved Over/(Under)	Percent Difference
Cash Reserve	342,000	500,000	158,000	0%
NSP I Income	3,000	3,000	-	0%
NSP II Income	40,000	40,000	-	0%
NSP III Income	150	150	-	0%
Multifamily Revenue - Issuer Fees	275,000	225,000	(50,000)	-18%
Single Family Revenue - Issuer Fees	225,000	225,000	-	0%
Application Fees	75,000	100,000	25,000	33%
Extension Fees	10,000	10,000	-	0%
Fee Income - Special Programs	25,000	40,000	15,000	60%
Gain on Sale of FHLB Securities	140,000	150,000	10,000	7%
Interest Income	400,000	400,000	-	0%
Bank Interest	15,000	15,000	-	0%
Bond/Refunding Proceeds Revenue	-	150,000	150,000
General Fund Activities	2,000	2,000	-	0%
FLSAFE and FLCLASS Income	25,000	25,000	-	0%
Amortizing Home Key Loans	25,000	25,000	-	0%
Ground Lease Fees - NSP	55,000	55,000	-	0%
Total Budgeted Revenue	1,657,150	1,965,150	308,000	16%

Expense	Amended 2019/2020 Budget	Approved 2020/2021 Budget	Approved Over/(Under)	Percent Difference
NSP III Non-reimburseable	2,000	1,000	(1,000)	-100%
Advertising (Legal)	1,500	1,500	-	0%
Audit	50,000	50,000	-	0%
Bond Participation (including COI)	10,000	400,000	390,000	98%
Memberships	6,000	6,000	-	0%
Contract Services Other; Accounting Services	225,000	225,000	-	0%
Network	20,000	20,000	-	0%
Insurance	20,000	20,000	-	0%
Lease: Building	50,000	35,000	(15,000)	-43%
Office Supplies	5,000	5,000	-	0%
Professional Services - Consultants	110,000	110,000	-	0%
Promotional Expense	10,000	10,000	-	0%
Salaries, Benefits & Taxes	550,000	550,000	-	0%
Telephone	3,500	3,500	-	0%
Travel	6,000	25,000	19,000	76%
Grants to Organizations
Youth Aging Out of Foster Care Program	100,000	100,000	-	0%
Sadowski Education Effort	15,000	15,000	-	0%
University of South Florida CRED	15,000	15,000	-	0%
Rental Subsidy Pilot Program	-	100,000	100,000	100%
Total Grants to Organizations	130,000	230,000	100,000	43%
NSP I Program Expense	3,000	3,000	-	0%
Intergov Services: Recorder	1,000	1,000	-	0%
NSP II Program Expense	35,000	35,000	-	0%
NSP III Program Expense	150	150	-	0%
Misc. Bank Fees/Expenses	35,000	35,000	-	0%
Mediation Settlement	50,000	-	(50,000)
FHLB/LOC Interest Expense	70,000	75,000	5,000	7%
Reserve for Contingencies	264,000	124,000	(140,000)	0%
Total Budgeted Expenditures	1,657,150	1,965,150	308,000	16%

Income	Approved 2020/2021 Budget	Approved 2019/2020 Budget	Budget Increase (Decrease)	Percent Difference
Beginning Fund Balance	350,000	800,000	(450,000)	0%
Bank Interest	50	50	-	0%
Program Income	10,000	10,000	-	0%
Fiscal Year Allocation from BCC	-	-	-	0%
Total Income	360,050	810,050	(450,000)	-56%

Expenses	Approved 2020/2021 Budget	Approved 2019/2020 Budget	Budget Increase (Decrease)	Percent Difference
Project and Program Expenditures - new and existing	335,050	760,050	(425,000)	-56%
Administrative Expense	25,000	50,000	(25,000)	-50%
Total Expenses:	360,050	810,050	(450,000)	-56%

Expenses	Approved 20/21 Budget	Budget Increase (Decrease)	Percent Difference
Legal & Professional Fees	$25,000	-	0%
Operating Expenses Reserve Fund	$15,000	-	0%
Program Income Transferred-Out to BOCC	$40,000	-	0%
Total Expenses	$80,000	-	0%