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Direction from the commission included reallocating the $50,000 from the Small Cities Development <br /> Program (SCDP) in the 2016 budget for Property Acquisition/Program funding. <br /> Additionally, the commission included funding for the EDA/HRA shared website.This newly <br /> overhauled website will allow residents and developers to keep updated on upcoming housing programs, <br /> new policies and development projects. <br /> Any non-spent funds remaining at the end of the year stay in the HRA fund for future housing and <br /> redevelopment purposes/projects. If a non-budget item comes up in 2017 we can use the fund balance <br /> and make a budget amendment. <br /> As of July 30, 2016, the HRA has a fund balance available for Housing and Redevelopment purposes of <br /> approximately$1,963,000. <br /> Financial Impact <br /> The expenditure budget is $303,150, a reduction of 0.525% over the previous year. <br /> Attachments <br /> • Resolution Establishing the HRA Levy for Collection in Year 2017 <br /> • 2017 HRA Goals and Performance Measures <br /> • Proposed 2017 Budget Detail Spreadsheet <br /> • July 4,2016, HRA Budget Workshop Packet <br />