Accessibility Public Records News Calendar Human Resources

Housing Finance Authority FY21/22 Operating Budget

General Fund Operating Budget

Revenue Amended Approved 20/21 Budget Approved 21/22 Budget Approved Over/(Under) Percent Difference
Cash Reserve 500,000 500,000 - 0%
NSP I Income 3,600 3,000 (600) -17%
NSP II Income 40,000 40,000 - 0%
NSP III Income 150 150 - 0%
Multifamily Revenue – Issuer Fees 175,000 200,000 25,000 14%
Single Family Revenue – Issuer Fees 150,000 175,000 25,000 17%
Application Fees 125,000 125,000 - 0%
Extension Fees 5,000 5,000 - 0%
Fee Income – Special Programs 10,000 20,000 10,000 100%
Gain on Sale of FHLB Securities - 50,000 50,000 -
Interest Income 700,000 500,000 (200,000) -29%
Bank Interest - 5,000 5,000 -
Bond/Refunding Proceeds Revenue 50,000 50,000 - 0%
General Fund Activities 500 1,000 500 100%
FL SAFE and FLCLASS Income 2,500 10,000 7,500 300%
Amortizing Home Key Loans 25,000 25,000 - 0%
Ground Lease Fees – NSP 55,000 55,000 -                    0%  
Total Budgeted Revenue 1,841,750 1,764,150 (77,600) -4%
Expenses Amended Approved 20/21 Budget Approved 21/22 Budget Approved Over/(Under) Percent Difference
NSP III Non-reimbursable 1,000 - (1,000) -100%
Advertising (Legal) 3,000 3,000 - 0%
Audit 50,000 50,000 - 0%
Bond Participation (including COI) 420,000 150,000 (270,000) -64%
Memberships 6,000 6,000 - 0%
Contract Services Other: Accounting Services 190,000 220,000 30,000 16%
Network 15,000 20,000 5,000 33%
Insurance 20,000 20,000 - 0%
Lease: Building 35,000 35,000 - 0%
Office Supplies 5,000 5,000 - 0%
Professional Services – Consultants 50,000 75,000 25,000 50,000
Promotional Expense 12,000 12,000 - 0%
Salaries, Benefits & Taxes 550,000 565,000 15,000 3%
Telephone 3500 3500 - 0%
Travel 1,000 15,000 14,000 1400%
Grants to Organizations - - - -
Youth Aging Out of Foster Care Program 100,000 100,000 - 0%
Sadowski Education Effort 20,000 20,000 - 0%
University of South Florida (CRED) 15,000 15,000 - 0%
Total Grants to Organizations                                                         135,000 135,000 - 0%  
NSP I Program Expense 3,000 3,000 - 0%
Intergov Services: Recorder 3,500 3,500 - 0%
NSP II Program Expense 35,000 35,000 - 0%
NSP III Program Expense 150 150 - 0%
Misc. Bank Fees/Expenses 20,000 20,000 - 0%
FHLB/LOC Interest Expense 65,000 75,000 10,000 15%
Reserve for Contingencies                                                              218,600 313,000 74,400 31%
Total Budgeted Expenditures 1,841,750 1,764,150 (76,600) -4%

Approved Housing Trust Fund

Revenue Approved Amended 20/21 Budget Approved 21/22 Budget Budget Increase/(Decrease) Percent Difference
Bank Interest – – – 0%
Program Income 18,762 20,000 1,238 7%
Fiscal Year Allocation from BCC – – – 0%
Total Budgeted Revenue 18,762 20,000 1,238 7%
Expense Approved Amended 20/21 Budget Approved 21/22 Budget Budget Increase/(Decrease) Percent Difference
Project and Program Expenditures-New and Existing – 15,000 15,000 100%
Administrative Expenses – 5,000 5,000 100%
Total Budgeted Expenditures – 20,000 20,000 100%
Budgeted Surplus (Deficit) 18,762 – (18,762) -100%
Beginning Budgeted Cash Reserve 350,000 368,762 18,762  
Ending Budgeted Cash Reserve 368,762 368,762 –  

Land Assembly Fund

Revenue Approved FY 20/21 Budget Approved FY 21/22 Budget Budget Increase (Decrease) Percent Difference
Ground Lease Fees 80,000 80,000 - 0%
Total Budgeted Revenue 80,000 80,000 - 0%
Expense Approved FY 20/21 Budget Approved FY 21/22 Budget Budget Increase (Decrease) Percent Difference
Legal & Professional Fees 25,000 - (25,000) -100%
Operating Expenses Reserve Fund   15,000   15,000   -   0%
Program Income Transferred- Out to BOCC   40,000   65,000   25,000   63%
Total Budgeted Expenditures 80,000 80,000 - 0%