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Housing Finance Authority FY24/25 Operating Budget

FY24/25 Approved General Fund Operating Budget

Revenue Amended Approved 23/24 Budget Approved 24/25 Budget Approved Over/(Under) Percent Difference
Cash Reserve 500,000 500,000 - 0%
NSP I Income 10,000 5,000 (5,000) -100%
NSP II Income 40,000 30,000 (10,000) -33%
NSP III Income 150 150 - 0%
Multifamily Revenue – Issuer Fees 700,000 700,000 - 0%
Single Family Revenue – Issuer Fees 200,000 200,000 - 0%
Application Fees 210,000 210,000 - 0%
Extension Fees 25,000 25,000 - 0%
Fee Income – Special Programs 30,000 30,000 - 0%
Gain on Sale of FHLB Securities 140,000 140,000 - 0%
Interest Income 700,000 700,000 - 0%
Bank Interest 80,000 100,000 20,000 20%
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 2,851,150 2,856,150 5,000 -2%
Expenses Amended Approved 23/24 Budget Approved 24/25 Budget Approved Over/(Under) Percent Difference
Advertising (Legal) 500 500 - -
Audit 60,000 60,000 - 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 60,000 10,000 17%
Office Supplies 5,000 5,000 - 0%
Professional Services – Consultants 80,000 80,000 - 0%
Promotional Expense 18,000 18,000 - 0%
Salaries, Benefits & Taxes 600,000 675,000 25,000 4%
Telephone 3500 3500 - 0%
Travel 30,000 30,000 - 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) - - - 0%
Total Grants to Organizations                                                         20,000 120,000 100,000 500%
NSP I Program Expense 10,000 5,000 (5,000) -100%
Intergov Services: Recorder 7,000 7,000 - 0%
NSP II Program Expense 40,000 30,000 (10,000) -33%
NSP III Program Expense 150 150 - 0%
Misc. Bank Fees/Expenses 75,000 75,000 - 0%
FHLB/LOC Interest Expense 320,000 320,000 - 0%
Reserve for Contingencies                                                              841,000 726,000 (115,000) -16%
Total Budgeted Expenditures 2,851,150 2,856,150 5,000 -2%

FY24/25 Approved Housing Trust Fund

Revenue Approved Amended 23/24 Budget Approved 24/25 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 23/24 Budget Approved 24/25 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  

FY24/25 Land Assembly Fund

Revenue Approved FY 23/24 Budget Approved FY 24/25 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 23/24 Budget Approved FY 24/25Budget 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%

FY24/25 City of St. Petersburg Land Assembly Fund

Expense Approved FY 23/24 Budget Approved FY 24/25 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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