The URL can be used to link to this page

Home My WebLink AboutExhibitModel City Community Revitalization District Trust Amended Budget for FY2005-06 OPERATING EXPENSES Line Item Approved Budget Amount Budget Amendment Amount Staff Salaries $ 431,321.00 $ 431,321.00 Car Allowance 3,600.00 3,600.00 Social Security 35,342.00 35,342.00 Contribution - Group Ins. 23,500.00 23,500.00 Unemployment Compensation 1,000.00 1,000.00 Lot Clearing 15,000.00 15,000.00 Pension Contribution - Other 10,000.00 10,000.00 Advertising (Public Notice) 27,500.00 27,500.00 Contracting - Outside Svcs. 45,000.00 45,000.00 Travel and Per Diem 10,000.00 10,000.00 Postage 2,500.00 2,500.00 Computers, Printers, & Peripheral (Rent of Equipment Outside) 6,000.00 6,000.00 Fidelity Insurance 2,500.00 2,500.00 Printing/ Binding - Outside 15,000.00 15,000.00 Office Supplies 6,000.00 6,000.00 Food 15,000.00 15,000.00 Miscellaneous Supplies 5,000.00 5,000.00 Improvements Other than 5,000.00 5,000.00 Total CAPITAL EXPENSES $641,263.00 $641,263.00 Line Item Approved Budget Amount Budget Amendment Amount New Acquisitions $1,445,232.00 $1,445,232.00 Infrastructure Improvements _ 7,020,400.00 7,020,400.00 Sub Total (Captial Costs) $8,465,632.00 $8,465,632.00 Marketing/Outreach 200,000.00 200,000.00 Relocation Assistance 500,000.00 500,000.00 Relocation Benefits 1,600,000.00 1,600,000.00 Planning/Technical Assistance 300,000.00 300,000.00 Legal Services 125,000.00 125,000.00 Land Development 2,242,000.00 Page 1 of 2 Lot Clearing and Maintenance 15,0O0 00 20,000.00 Demolition 130,000.00 130,000.00 Engineering 625,000.00 625,000.00 Property Management/ Maintenance 50,000.00 50,000.00 Education/ Technology Assessment Implementation 50,000.00 50,000.00 Sub Total (Anticipated Services/ $ 3,595,000.00 Benefits Total Expenses $1-270657632-w REVENUE BY FUNDING SOURCE $ 5,842,000.00 $14,307,632.00 Line Item Approved Budget Amount Budget Amendment Amount HOME Investment Partnership Program Funds 2,900,000.00 2,900,000.00 Community Development Block Grant Funds 1,200,000.00 1,200,000.00 Congressional Neighborhood Initiative Grant FY 2002 700,000.00 700,000.00 Congressional Neighborhood Initiative Grant FY 2003 1,251,810.00 1,251,810.00 Homeland Defense/ Neighborhood Improvement Bond Dollars 3,600,000.00 3,600,000.00 Sanitary Sewer Bonds 1,372,559.00 1,372,559.00 U.S. EPA Brownsfield Grants 400,000.00 400,000.00 Land Development 2,242,000.00 General Fund Request 641,263.00 641,263.00 TOTAL SOURCES AVAILABLE $12 065 632 00 $14,307,632.00 Page 2 of 2 Model City Trust Budget Amendment Projected Revenue for FY 2006 Property Sales as of December 29, 2005 NI Grant 2002 (110128) 1390 NW 58th Terrace 1335 NW 58th Street 1420 NW 57th Street 1632 NW 59th Street 125,000,00 138,000,00 135,000.00 155,000.00 553,000.00 Model City Housing Initiatives (344105) 1337 NW 60th Street 158,000.00 1365 NW 60th Street 158,000.00 1371 NW 60th Street 158,000,00 474,000.00 NI Grant 2003 (110149) 1301 NW 58th Terrace 5852 NW 13th Avenue 5858 NW 13t11 Avenue 1291 NW 55th Terrace 1418 NW 60th Street 1436 NW 60th Street 1446 NW 60th Street Total Anticipated Revenue 179,000.00 192,000.00 192,000,00 188,000.00 188,000.00 138,000.00 138,000.00 1,215,000.00 2,242,000.00