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Community Development Fund
<br />The table below shows a five-year comparison of funding sources, uses, and changes in fund balance for
<br />the Community Development Fund.
<br />20132014201520162017
<br />Funding Sources
<br />ActualActualActualBudgetBudget
<br />Licenses & Permits$1,245,028$1,097,097$1,358,426$1,213,500$1,373,500
<br />Charges for Services200,775243,679258,412261,000297,300
<br />Interest Earnings(31,826)45,98716,4528,00015,000
<br />Other Revenue17,99421,23915,021--
<br />Total Sources1,431,9711,408,0021,648,3111,482,5001,685,800
<br />Funding Uses
<br />Personnel970,4391,045,0791,075,2951,265,4251,073,125
<br />Supplies & Materials12,7889,15411,61317,87524,945
<br />Other Services & Charges193,602174,550205,135308,970480,920
<br />Capital Outlay30,77620,8438,2429,15081,270
<br />Total Uses1,207,6051,249,6261,300,2851,601,4201,660,260
<br />Other Sources (Uses)
<br />Transfer In (Out)-(40,000)(40,000)--
<br />Other3,365----
<br />Total Other Sources (Uses)3,365(40,000)(40,000)--
<br />Excess of Funding Sources
<br /> Over (Under) Funding Uses227,731118,376308,026(118,920)25,540
<br />Fund Balance - Jan 1st367,417595,148713,5241,021,550902,630
<br />Fund Balance - Dec 31st$595,148$713,524$1,021,550$902,630$928,170
<br />Discussion Items
<br />During the period 2013-2017, the Community Development Fund realized increasing overall activity
<br />which was indicative of improving market conditions for both housing and commercial development. It
<br />is expected that over the next several years, development at several major areas will continue to take place
<br />which should maintain relative stability in the Fund’s operations.
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