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At the July 10, 2017, HRA budget workshop, it was decided to maintain the previous and balanced rateof <br />(0.0140%) to reduce drawing down on the reserves for the 2018 budget a <br />loan programs out of reserves. <br />Direction from the commission included allocatingthe $80,600 in the 2018 budget for Property <br />Acquisition funding. <br /> <br />Any non-spent funds remaining at the end of the year stay in the <br />redevelopment purposes/projects. If a non-budget item comes up iwe can use the fund balance <br />and make a budget amendment. <br /> <br />As of July 31, 2017, the HRA has a cash balance available for Housing and Redevelopment purposes of <br />$1,244,765. <br /> <br />Financial Impact <br />The expenditure budget is $303,150, which is consistent with the previous year. <br />Attachments <br /> <br />Resolution Establishing the HRA Levy for Collection in Year 2018 <br />2018 HRA Goals and Performance Measures <br />Proposed 2018 Budget Detail Spreadsheet <br />July 10, 2017, HRA Budget Workshop Packet <br />