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Community Development Fund Summary <br />The following table depicts the 2015 financial activity for the Community Development Fund for the <br />fiscal period ending June 30, 2015 (unaudited). <br />Revenues <br />Licenses & permits <br />Intergovernmental <br />Fines and forfeits <br />Interest earnings <br />Miscellaneous <br />Total Revenues <br />Expendi tures <br />Community Development <br />Total Elcpenditures <br />2015 2015 % % <br />Bud�et Actual Actual Ea�nect• Diff. <br />$ 1,274,110 $ 499,392 39.2% 50.5% -11.3% <br />186,000 100,506 54.0% n/a n/a <br />- - n/a n/a n/a <br />- - n/a n/a n/a <br />- - n/a n/a n/a <br />$ 1,460,110 $ 599,898 41.1% 54.2% -13.1% <br />1,452,/-490 607,214 41.8% 52.5% -10.7% <br />$ 1,452,490 $ 607,214 41.8% 52.5% -10.7% <br />Comments: <br />Community Development Fund revenues and expenditures are below expected levels due to lower <br />activity levels. <br />The Community Development Fund is currently in excellent financial condition with $713,000 in <br />available cash reserves or 49°/o of the annual operating budget. The City's Cash Reserve Policy <br />establishes a target reserve level of 25-50% for this Fund. <br />Page 7 of 13 <br />