Title
Consider/Discuss/Act on Proposed FY 2018-2019 Budget
Summary
COUNCIL GOAL: Operational Excellence
MEETING DATE: April 13, 2018
DEPARTMENT: Housing and Community Development
CONTACT: Cristel Todd, Affordable Housing Administrator
ITEM SUMMARY:
• Fund Balance at the end of FY17 was $144,738
• Fund Balance at the end of FY18 will be $85,040 if entire FY17-18 budget is expended.
BACKGROUND INFORMATION:
• FY17-18 Budget $74,698
FINANCIAL SUMMARY:
• MHFC receives an Annual Issuers fee for Newsome Homes of $15,000