FY 14-15 Adopted Budget

Community Services - Nussbaum Housing Partnership Revolving Fund

PERFORMANCE MEASURES

2012-13

2013-14 Budget

2014-15 Adopted

2015-16 Projected

Actual

Workload Measures  Number of housing units developed or rehabilitated that are affordable to households at or below 80% of area median income.

96

80.000

85

90

Efficiency Measures

 Percentage of required planning & reporting documents submitted on time to appropriate agencies.

100%

100%

100%

100%

Effectiveness Measures

 Dollar value of investment leveraged as a result of development & redevelopment activities.  Number of Greensboro residents who are homeless, as determined through the annual Point-In-Time Count.

$88.7M

$65.0M

$70.0M

$75.0M

1,005

949

925

900

BUDGET SUMMARY

2012-13

2013-14 Budget

2014-15 Adopted

2015-16 Projected

Actual

Expenditures:

Personnel Costs

990,355 810,846

797,748

956,896

989,298 868,626

Maintenance & Operations

1,016,472

1,191,507

Capital Outlay

0

0

0

0

Total

1,801,201

1,814,220

2,148,403

1,857,924

Total FTE Positions

14.795

12.195

12.045

12.045

Revenues:

User Charges

127,930 65,707

51,000 21,460

51,000 188,643

51,000 27,164

Appropriated Fund Balance

Property Taxes

1,685,429

1,700,000

1,717,000

1,738,000

General Fund Transfer

152,667 126,995

0

0

0

All Other

41,760

191,760

41,760

Subtotal

2,158,728

1,814,220

2,148,403

1,857,924

Total

2,158,728

1,814,220

2,148,403

1,857,924

BUDGET HIGHLIGHTS  The Nussbaum Housing Partnership Fund budget is increasing by $334,183 or 18.4% in FY 14-15.  Based on Council direction, the FY 14-15 budget includes the use of over $180,000 in fund balance to support an increase in homelessness prevention services.  The Nussbaum Fund programs and finances will be managed by the new Neighborhood Development Department.

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