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Housing Finance Authority FY23/24 Operating Budget

FY23/24 Approved General Fund Operating Budget

Revenue Amended Approved 22/23 Budget Approved 23/24 Budget Approved Over/(Under) Percent Difference
Cash Reserve 500,000 500,000 - 0%
NSP I Income 25,000 10,000 (15,000) -150%
NSP II Income 50,000 25,000 (25,000) -100%
NSP III Income 150 150 - 0%
Multifamily Revenue – Issuer Fees 360,000 360,000 - 0%
Single Family Revenue – Issuer Fees 200,000 200,000 - 0%
Application Fees 210,000 175,000 (35,000) -20%
Extension Fees 25,000 25,000 - 0%
Fee Income – Special Programs 15,000 30,000 15,000 50%
Gain on Sale of FHLB Securities 140,000 140,000 - 0%
Interest Income 700,000 700,000 - 0%
Bank Interest 80,000 80,000 - 0%
Bond/Refunding Proceeds Revenue 40,000 40,000 - 0%
General Fund Activities 1,000 1,000 - 0%
FL SAFE and FLCLASS Income 100,000 100,000 - 0%
Amortizing Home Key Loans 20,000 20,000 - 0%
Ground Lease Fees – NSP 55,000 55,000 -                    0%  
Total Budgeted Revenue 2,521,150 2,461,150 (60,000) -2%
Expenses Amended Approved 22/23 Budget Approved 23/24 Budget Approved Over/(Under) Percent Difference
Advertising (Legal) 500 500 - -
Audit 50,000 50,000 - 0%
Bond Participation (including COI) 375,000 375,000 - 0%
Memberships 6,000 6,000 - 0%
Contract Services Other: Accounting Services 220,000 220,000 - 0%
Network 20,000 20,000 - 0%
Insurance 20,000 20,000 - 0%
Lease: Building 50,000 50,000 - 0%
Office Supplies 5,000 5,000 - 0%
Professional Services – Consultants 75,000 80,000 5,000 6%
Promotional Expense 18,000 18,000 - 0%
Salaries, Benefits & Taxes 600,000 650,000 50,000 8%
Telephone 3500 3500 - 0%
Travel 20,000 20,000 - 0%
Grants to Organizations - - - -
Youth Aging Out of Foster Care Program - - - 0%
Sadowski Education Effort 20,000 20,000 - 0%
University of South Florida (CRED) 15,000 - (15,000) -100%
Total Grants to Organizations                                                         35,000 20,000 (15,000) -43%
NSP I Program Expense 25,000 10,000 (15,000) -43%
Intergov Services: Recorder 7,000 7,000 - 0%
NSP II Program Expense 50,000 25,000 (25,000) -100%
NSP III Program Expense 150 150 - 0%
Misc. Bank Fees/Expenses 30,000 30,000 - 0%
FHLB/LOC Interest Expense 320,000 320,000 - 0%
Reserve for Contingencies                                                              591,000 531,000 (60,000) -11%
Total Budgeted Expenditures 2,521,150 2,461,150 (60,000) -2%

FY23/24 Approved Housing Trust Fund

Revenue Approved Amended 22/23 Budget Approved 23/24 Budget Budget Increase/(Decrease) Percent Difference
Program Income 75,000 75,000 - 0%
Fiscal Year Allocation from BCC – – – 0%
Total Budgeted Revenue 75,000 75,000 - 0%
Expense Approved Amended 22/23 Budget Approved 23/24 Budget Budget Increase/(Decrease) Percent Difference
Project and Program Expenditures-New and Existing 70,000 70,000 - 0%
Administrative Expenses 5,000 5,000 - 0%
Total Budgeted Expenditures 75,000 75,000 - 0%
Budgeted Surplus (Deficit) - – - 0%
Beginning Budgeted Cash Reserve 350,000 500,000 150,000  
Ending Budgeted Cash Reserve 350,000 350,000 150,000  

FY23/24 Land Assembly Fund

Revenue Approved FY 22/23 Budget Approved FY 23/24 Budget Budget Increase (Decrease) Percent Difference
Ground Lease Fees 100,000 100,000 - 0%
Total Budgeted Revenue 100,000 100,000 - 0%
Expense Approved FY 22/23 Budget Approved FY 23/24Budget 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 60,000 60,000 - 0%
Total Budgeted Expenditures 100,000 100,000 - 0%

FY23/24 City of St. Petersburg Land Assembly Fund

Expense Approved FY 22/23 Budget Approved FY 23/24 Budget Budget Increase (Decrease) Percent Difference
Legal & Professional Fees - - - 0%
Operating Expenses Reserve Fund 5,000 5,000 - 0%
Program Income Transferred- Out to BOCC - - - 0%
Total Budgeted Expenditures 5,000 5,000 - 0%

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