Housing Finance Authority FY22/23 Operating Budget
General Fund Operating Budget
| Revenue | Amended Approved 21/22 Budget | Approved 22/23 Budget | Approved Over/(Under) | Percent Difference |
| Cash Reserve | 500,000 | 500,000 | - | 0% |
| NSP I Income | 3,000 | 1,000 | (2,000) | -200% |
| NSP II Income | 40,000 | 40,000 | - | 0% |
| NSP III Income | 150 | 150 | - | 0% |
| Multifamily Revenue – Issuer Fees | 450,000 | 450,000 | - | 0% |
| Single Family Revenue – Issuer Fees | 175,000 | 175,000 | - | 0% |
| Application Fees | 130,000 | 130,000 | - | 0% |
| Extension Fees | 5,000 | 5,000 | - | 0% |
| Fee Income – Special Programs | 20,000 | 25,000 | 5,000 | 20% |
| Gain on Sale of FHLB Securities | 110,000 | 125,000 | 15,000 | 12% |
| Interest Income | 200,000 | 225,000 | 25,000 | 11% |
| Bank Interest | 5,000 | 5,000 | - | 0% |
| Bond/Refunding Proceeds Revenue | - | 25,000 | 25,000 | 100% |
| General Fund Activities | 500 | 1,000 | 500 | 50% |
| FL SAFE and FLCLASS Income | 8,000 | 10,000 | 2,000 | 20% |
| Amortizing Home Key Loans | 25,000 | 25,000 | - | 0% |
| Ground Lease Fees – NSP | 55,000 | 55,000 | - | 0% |
| Total Budgeted Revenue | 1,726,650 | 1,797,150 | 70,500 | 4% |
| Expenses | Amended Approved 21/22 Budget | Approved 22/23 Budget | Approved Over/(Under) | Percent Difference |
| Advertising (Legal) | 2,000 | 3,000 | 1,000 | 33% |
| Audit | 50,000 | 50,000 | - | 0% |
| Bond Participation (including COI) | 20,000 | 150,000 | 130,000 | 87% |
| Memberships | 5,000 | 6,000 | 1,000 | 17% |
| Contract Services Other: Accounting Services | 220,000 | 220,000 | - | 0% |
| Network | 20,000 | 20,000 | - | 0% |
| Insurance | 20,000 | 20,000 | - | 0% |
| Lease: Building | 40,000 | 50,000 | 10,000 | 20% |
| Office Supplies | 3,500 | 5,000 | 1,500 | 30% |
| Professional Services – Consultants | 75,000 | 75,000 | - | 0% |
| Promotional Expense | 6,000 | 10,000 | 4,000 | 40% |
| Salaries, Benefits & Taxes | 565,000 | 600,00 | 35,000 | 6% |
| Telephone | 3500 | 3500 | - | 0% |
| Travel | 15,000 | 15,000 | - | 0% |
| Grants to Organizations | - | - | - | - |
| Youth Aging Out of Foster Care Program | 100,000 | - | (100,000) | -100% |
| Sadowski Education Effort | 20,000 | 20,000 | - | 0% |
| University of South Florida (CRED) | 15,000 | 15,000 | - | 0% |
| Total Grants to Organizations | 135,000 | 35,000 | (100,000) | -74% |
| NSP I Program Expense | 2,000 | 1,000 | (1,000) | -100% |
| Intergov Services: Recorder | 3,500 | 7,000 | 3,500 | 50% |
| NSP II Program Expense | 35,000 | 40,000 | 5,000 | 15% |
| NSP III Program Expense | 150 | 150 | - | 0% |
| Misc. Bank Fees/Expenses | 20,000 | 20,000 | - | 0% |
| FHLB/LOC Interest Expense | 10,000 | 20,000 | 10,000 | 50% |
| Reserve for Contingencies | 476,000 | 446,500 | (29,500) | -7% |
| Total Budgeted Expenditures | 1,726,650 | 1,797,150 | 70,500 | 4% |
Approved Housing Trust Fund
| Revenue | Approved Amended 21/22 Budget | Approved 22/23 Budget | Budget Increase/(Decrease) | Percent Difference |
| Program Income | 20,000 | 20,000 | - | 0% |
| Fiscal Year Allocation from BCC | – | – | – | 0% |
| Total Budgeted Revenue | 20,000 | 20,000 | - | 0% |
| Expense | Approved Amended 21/22 Budget | Approved 22/23 Budget | Budget Increase/(Decrease) | Percent Difference |
| Project and Program Expenditures-New and Existing | 15,000 | 15,000 | - | 0% |
| Administrative Expenses | 5,000 | 5,000 | - | 0% |
| Total Budgeted Expenditures | 20,000 | 20,000 | - | 0% |
| Budgeted Surplus (Deficit) | - | – | - | 0% |
| Beginning Budgeted Cash Reserve | 350,000 | 350,000 | - | |
| Ending Budgeted Cash Reserve | 350,000 | 350,000 | – |
Land Assembly Fund
| Revenue | Approved FY 21/22 Budget | Approved FY 22/23 Budget | Budget Increase (Decrease) | Percent Difference |
| Ground Lease Fees | 80,000 | 100,000 | 20,000 | 20% |
| Total Budgeted Revenue | 80,000 | 100,000 | 20,000 | 20% |
| Expense | Approved FY 21/22 Budget | Approved FY 22/23 Budget | Budget Increase (Decrease) | Percent Difference |
| Legal & Professional Fees | 25,000 | 25,000 | - | 0% |
| Operating Expenses Reserve Fund | 15,000 | 15,000 | - | 0% |
| Program Income Transferred- Out to BOCC | 40,000 | 60,000 | 20,000 | 20% |
| Total Budgeted Expenditures | 80,000 | 100,000 | 20,000 | 20% |
City of St. Petersburg Land Assembly Fund
| Revenue | Approved FY 22/23 Budget |
| Ground Lease Fees | 5,000 |
| Total Budgeted Revenue | 5,000 |
| Expense | Approved FY 22/23 Budget |
| Legal & Professional Fees | - |
| Operating Expenses Reserve Fund | 5,000 |
| Program Income Transferred- Out to BOCC | - |
| Total Budgeted Expenditures | 5,000 |
General Fund Operating Budget
| Revenue | Amended Approved 21/22 Budget | Approved 22/23 Budget | Approved Over/(Under) | Percent Difference |
| Cash Reserve | 500,000 | 500,000 | - | 0% |
| NSP I Income | 3,000 | 1,000 | (2,000) | -200% |
| NSP II Income | 40,000 | 40,000 | - | 0% |
| NSP III Income | 150 | 150 | - | 0% |
| Multifamily Revenue – Issuer Fees | 450,000 | 450,000 | - | 0% |
| Single Family Revenue – Issuer Fees | 175,000 | 175,000 | - | 0% |
| Application Fees | 130,000 | 130,000 | - | 0% |
| Extension Fees | 5,000 | 5,000 | - | 0% |
| Fee Income – Special Programs | 20,000 | 25,000 | 5,000 | 20% |
| Gain on Sale of FHLB Securities | 110,000 | 125,000 | 15,000 | 12% |
| Interest Income | 200,000 | 225,000 | 25,000 | 11% |
| Bank Interest | 5,000 | 5,000 | - | 0% |
| Bond/Refunding Proceeds Revenue | - | 25,000 | 25,000 | 100% |
| General Fund Activities | 500 | 1,000 | 500 | 50% |
| FL SAFE and FLCLASS Income | 8,000 | 10,000 | 2,000 | 20% |
| Amortizing Home Key Loans | 25,000 | 25,000 | - | 0% |
| Ground Lease Fees – NSP | 55,000 | 55,000 | - | 0% |
| Total Budgeted Revenue | 1,726,650 | 1,797,150 | 70,500 | 4% |
| Expenses | Amended Approved 21/22 Budget | Approved 22/23 Budget | Approved Over/(Under) | Percent Difference |
| Advertising (Legal) | 2,000 | 3,000 | 1,000 | 33% |
| Audit | 50,000 | 50,000 | - | 0% |
| Bond Participation (including COI) | 20,000 | 150,000 | 130,000 | 87% |
| Memberships | 5,000 | 6,000 | 1,000 | 17% |
| Contract Services Other: Accounting Services | 220,000 | 220,000 | - | 0% |
| Network | 20,000 | 20,000 | - | 0% |
| Insurance | 20,000 | 20,000 | - | 0% |
| Lease: Building | 40,000 | 50,000 | 10,000 | 20% |
| Office Supplies | 3,500 | 5,000 | 1,500 | 30% |
| Professional Services – Consultants | 75,000 | 75,000 | - | 0% |
| Promotional Expense | 6,000 | 10,000 | 4,000 | 40% |
| Salaries, Benefits & Taxes | 565,000 | 600,00 | 35,000 | 6% |
| Telephone | 3500 | 3500 | - | 0% |
| Travel | 15,000 | 15,000 | - | 0% |
| Grants to Organizations | - | - | - | - |
| Youth Aging Out of Foster Care Program | 100,000 | - | (100,000) | -100% |
| Sadowski Education Effort | 20,000 | 20,000 | - | 0% |
| University of South Florida (CRED) | 15,000 | 15,000 | - | 0% |
| Total Grants to Organizations | 135,000 | 35,000 | (100,000) | -74% |
| NSP I Program Expense | 2,000 | 1,000 | (1,000) | -100% |
| Intergov Services: Recorder | 3,500 | 7,000 | 3,500 | 50% |
| NSP II Program Expense | 35,000 | 40,000 | 5,000 | 15% |
| NSP III Program Expense | 150 | 150 | - | 0% |
| Misc. Bank Fees/Expenses | 20,000 | 20,000 | - | 0% |
| FHLB/LOC Interest Expense | 10,000 | 20,000 | 10,000 | 50% |
| Reserve for Contingencies | 476,000 | 446,500 | (29,500) | -7% |
| Total Budgeted Expenditures | 1,726,650 | 1,797,150 | 70,500 | 4% |
Approved Housing Trust Fund
| Revenue | Approved Amended 21/22 Budget | Approved 22/23 Budget | Budget Increase/(Decrease) | Percent Difference |
| Program Income | 20,000 | 20,000 | - | 0% |
| Fiscal Year Allocation from BCC | – | – | – | 0% |
| Total Budgeted Revenue | 20,000 | 20,000 | - | 0% |
| Expense | Approved Amended 21/22 Budget | Approved 22/23 Budget | Budget Increase/(Decrease) | Percent Difference |
| Project and Program Expenditures-New and Existing | 15,000 | 15,000 | - | 0% |
| Administrative Expenses | 5,000 | 5,000 | - | 0% |
| Total Budgeted Expenditures | 20,000 | 20,000 | - | 0% |
| Budgeted Surplus (Deficit) | - | – | - | 0% |
| Beginning Budgeted Cash Reserve | 350,000 | 350,000 | - | |
| Ending Budgeted Cash Reserve | 350,000 | 350,000 | – |
Land Assembly Fund
| Revenue | Approved FY 21/22 Budget | Approved FY 22/23 Budget | Budget Increase (Decrease) | Percent Difference |
| Ground Lease Fees | 80,000 | 100,000 | 20,000 | 20% |
| Total Budgeted Revenue | 80,000 | 100,000 | 20,000 | 20% |
| Expense | Approved FY 21/22 Budget | Approved FY 22/23 Budget | Budget Increase (Decrease) | Percent Difference |
| Legal & Professional Fees | 25,000 | 25,000 | - | 0% |
| Operating Expenses Reserve Fund | 15,000 | 15,000 | - | 0% |
| Program Income Transferred- Out to BOCC | 40,000 | 60,000 | 20,000 | 20% |
| Total Budgeted Expenditures | 80,000 | 100,000 | 20,000 | 20% |
City of St. Petersburg Land Assembly Fund
| Revenue | Approved FY 22/23 Budget |
| Ground Lease Fees | 5,000 |
| Total Budgeted Revenue | 5,000 |
| Expense | Approved FY 22/23 Budget |
| Legal & Professional Fees | - |
| Operating Expenses Reserve Fund | 5,000 |
| Program Income Transferred- Out to BOCC | - |
| Total Budgeted Expenditures | 5,000 |