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Community Development Fund Summary <br />. The following table depicts the 2009 financial activity for the Community Development Fund for the fiscal <br />� period ending Se�tember 30, 2009 (unaudited). <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />Revenues <br />Licenses & permits <br />Charges for services <br />Fines and forfeits <br />Interest earnings <br />Miscellaneous <br />Total Revenues <br />2009 <br />Bud�et <br />$ 1,050,000 <br />10,000 <br />130,000 <br />2009 <br />Actual <br />$ 715,854 <br />66,685 <br />134 <br />16,481 <br />% % <br />Actual Expect. Diff. <br />68.2% 87.9% -19.7% <br />0.0% 0.0% n/a <br />0.0% 0.0% n/a <br />0.0% 0.0% 0.0% <br />12.7% 29.6% -16.9% <br />$ 1,190,000 $ 799,153 67.2% 84.2% -17.0% <br />Expenditures <br />Community development 1,317,055 884,691 67.2% 67.6% -0.5% <br />Other - - n/a n/a n/a <br />Total Expenditures $ 1,317,055 $ 884,691 67.2% 67.6% -0.5% <br />Comments: <br />Community Development Fund revenues are below expected levels resulting from less building activity and <br />corresponding Licenses and Permit revenues. Expenditures are at expected levels. <br />The Community Development Fund is currently in good financial condition with a cash reserve of <br />$404,000 or 33% of the annual operating budget. However the City needs to remain mindful of current <br />economic conditions and the viability of redevelopment opportunities. A sustained slowdown in housing <br />and/or commercial development will impact the Fund's ability to sustain current staffing and service levels. <br />Page 8 of 14 <br />