| SECTION 8 HOUSING ASSISTANCE PROGRAM |
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| FUND STATEMENT
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FY 2002 |
FY 2003 |
FY 2003 |
FY 2004 |
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Actual |
Budget |
Revised |
Proposed |
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| Beginning Fund Balance July 1 |
$927,741
|
$927,741
|
$655,050 |
$911,611 |
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| REVENUE |
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| Housing
Assistance |
9,349,059 |
9,608,343 |
9,608,343 |
11,676,470 |
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| Administrative Fees |
1,125,663 |
1,165,229 |
1,165,229 |
1,203,429 |
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| Interest |
25,834 |
28,145 |
28,145 |
22,843 |
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| HOPWA |
152,299 |
155,000 |
155,000 |
155,000 |
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| ROC |
19,200 |
15,000 |
15,000 |
- |
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| Miscellaneous Revenue |
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- |
- |
- |
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| Transfer in from (Add to) |
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| Operating
Reserve |
- |
- |
- |
- |
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| TOTAL REVENUE |
10,672,055 |
10,971,717 |
10,971,717 |
13,057,742 |
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| EXPENDITURES |
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| Housing
Assistance |
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| Payments |
9,591,926 |
9,608,343 |
9,608,343 |
11,676,470 |
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| HOPWA |
140,363 |
155,000 |
155,000 |
155,000 |
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| ROC |
19,200 |
15,000 |
15,000 |
- |
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| Administration & Operations |
1,193,257 |
1,193,374 |
1,193,374 |
1,226,272 |
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| TOTAL EXPENDITURES |
10,944,746 |
10,971,717 |
10,971,717 |
13,057,742 |
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| Operating
Reserve* |
(272,690) |
- |
256,561 |
- |
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| Reserve for Encumbrances |
- |
- |
- |
- |
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| Ending Fund Balance June 30 |
$655,050
|
$927,741
|
$911,611 |
$911,611 |
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| * FY 2002 HUD Year-end Settlement underpayment will be paid in FY 2003 and
is shown as an increase to the operating reserve. |
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