File #: 19-0311    Name: FY19-20 Budget MHFC
Type: Agenda Item Status: Approved
In control: McKinney Housing Finance Corporation
On agenda: 4/12/2019 Final action: 4/12/2019
Title: Consider/Discuss/Act on Proposed FY 2019-2020 Budget
Attachments: 1. Proposed Budget FY19-20

Title

Consider/Discuss/Act on Proposed FY 2019-2020 Budget

 

Summary

 

ITEM SUMMARY: 

•                     Fund Balance at the end of FY19 will be $121,919 if entire FY18-19 budget is expended.

•                     Fund Balance at the end of FY20 will be $68,824 if entire FY19-20 budget is expended.

 

 

BACKGROUND INFORMATION: 

•                     FY 18-19 Budget $68,680

 

FINANCIAL SUMMARY: 

•                     MHFC receives an Annual Issuers Fee for Newsome Homes of $15,000