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7a.Attachment A <br />Memo <br />To: <br />Kari Collins,Interim Community Development Director <br />Jeanne Kelsey, HRA Director <br />From: <br />Chris Miller, Finance Director <br />Date: <br />April 5, 2016 <br />Re: <br />Summary of Available Funds for the Roseville EDA <br />Kari and Jeanne, <br />The information below contains a brief overview of the funds available tothe Roseville Economic <br />Development Authority for the period ending 12/31/15. For legal and management purposes, these <br />monies are segregated into one restricted fund and four unrestricted funds. <br />The restrictedfund is governed by an agreement with Ramsey County which specifies how the <br />monies can be spent in accordance with federal law. The remaining funds were established to <br />address specific goals or priorities, but technically can be repurposed at any time. <br />Restricted Funds <br />Community Development Block Grant (CDBG) Program <br />(Fund 721) <br />Unrestricted Funds <br />General EDA Programs <br />(Fund 723) <br />Housing Replacement / Single Family Construction Program <br />(Fund 720) <br />Property Abatement Program <br />(Fund 722) <br />Multi-Family & Housing Program <br />(Fund 724) <br />he available funds as of 12/31/15 are as follows: <br />T <br />Funds <br />ProgramAvailable <br />(Restricted) <br />CDBG $333,000 <br />General EDA Programs **294,000 <br />General EDA Programs: SF Revolving Loan via GMHC600,000 <br />Housing Replacement / Single-Family Construction607,000 <br />Property Abatement121,000 <br />Multi-Family & Housing Program1,566,000 <br />Total Available Funds$3,521,000 <br />** $165,000 is needed for cash-flow purposes to meet operational <br /> needs in between tax levy collection periods. <br />Page 1of 2 <br /> <br />