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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 />20142015201620172018
<br />Funding Sources
<br />ActualActualActualBudgetBudget
<br />Licenses & Permits$1,097,097$1,358,426$1,929,899$1,373,500$1,466,500
<br />Charges for Services243,679258,412255,597297,300600,150
<br />Interest Earnings45,98716,452(3,852)15,00011,250
<br />Other Revenue21,23915,02122,365-23,140
<br />Total Sources1,408,0021,648,3112,204,0091,685,8002,101,040
<br />Funding Uses
<br />Personnel1,045,0791,075,2951,134,7241,073,1251,241,825
<br />Supplies & Materials9,15411,6137,22424,94526,210
<br />Other Services & Charges174,550205,135278,086480,920423,425
<br />Capital Outlay20,8438,2422,02881,270129,660
<br />Total Uses1,249,6261,300,2851,422,0621,660,2601,821,120
<br />Other Sources (Uses)
<br />Transfer In (Out)(40,000)(40,000)(45,000)--
<br />Other--775--
<br />Total Other Sources (Uses)(40,000)(40,000)(44,225)--
<br />Excess of Funding Sources
<br /> Over (Under) Funding Uses118,376308,026737,72225,540279,920
<br />Fund Balance - Jan 1st595,148713,5241,021,5501,759,2721,784,812
<br />Fund Balance - Dec 31st$713,524$1,021,550$1,759,272$1,784,812$2,064,732
<br />Discussion Items
<br />During the period 2014-2018, the Community Development Fund realized increasing overall activity
<br />which was indicative of strongmarket conditions for both housing and commercial development. It is
<br />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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