Miscellaneous Income $ 24,877 $ 21,500 $ 14,600 $ 13,000 Investment Income 2, Interfund Transfers In 360, , , ,000

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1 REVENUE AND EXPENDITURE SUMMARY COMMUNITY DEVELOPMENT ITEM Estimated Revenues, Other Sources, and Fund Balance Miscellaneous Income $ 24,877 $ 21,500 $ 14,600 $ 13,000 Investment Income 2, Interfund Transfers In 360, , , ,000 TOTAL $ 387,666 $ 153,570 $ 147,370 $ 125,000 Expenditures and Other Uses Community Dev. Administration $ 311,081 $ 53,570 $ 30,950 $ 25,000 Community Rehabilitation 100, , , ,000 TOTAL $ 411,338 $ 153,570 $ 148,203 $ 125,

2 REVENUES AND EXPENDITURES COMMUNITY DEVELOPMENT Revenues / Sources Miscellaneous Income 10% Other Financing Sources 90% Expenditures / Uses Community Development Administration 20% Community Rehabilitation 80% 206

3 REVENUES, OTHER SOURCES, AND FUND BALANCE COMMUNITY DEVELOPMENT ITEM Estimated MISCELLANEOUS INCOME Loan Repayments and Related Interest $ 19,602 $ 21,500 $ 14,600 $ 13,000 Other 5, Sub-Total 24,877 21,500 14,600 13,000 INVESTMENT INCOME 2, INTERFUND TRANSFERS IN Transfer from Grant Project Fund Transfer from General Fund 360, , , ,000 Sub-Total 360, , , ,000 Total $ 387,666 $ 153,570 $ 147,370 $ 125,

4 DESCRIPTION OF REVENUE SOURCES COMMUNITY DEVELOPMENT INVESTMENT INCOME Investment Income MISCELLANEOUS INCOME Loan Repayments and Related Interest FUND BALANCE Fund Balance Appropriated Encumbrance Balance This represents the Community Development Fund s share of the interest earned and the capital gains from the sale of the City s investments. This revenue consists of the receipt of principal and interest payments under various loan payments administered by the City. These funds become income to the City when repaid by debtors and must be used for additional community development activities. This represents an appropriation of some portion of the fund balance as of the close of the preceding fiscal year to help finance the activities of the subsequent year. This represents the amount of fund balance at the close of the preceding fiscal year for the financial commitments that are in the subsequent year s budget. 208

5 EXPENDITURE SUMMARY COMMUNITY DEVELOPMENT ITEM Estimated Community Dev. Administration Personnel Services $ 242,686 $ 0 $ 0 $ 0 Operating Expenses 91,398 51,000 30,950 25,000 Recovered Costs (23,003) Contingency 0 2, Total 311,081 53,570 30,950 25,000 Community Rehabilitation Personnel Services 145, ,253 0 Operating Expenses 2, , , ,000 Recovered Costs (47,998) Total 100, , , ,000 Grand Total $ 411,338 $ 153,570 $ 148,203 $ 125,

6 Revenues/Expenditures Fund Balance Available FUND BALANCE AVAILABLE COMMUNITY DEVELOPMENT ITEM Estimated Revenues/Other Financing Sources $ 387,666 $ 153,570 $ 147,370 $ 125,000 Expenditures/Other Financing Uses 411, , , ,000 Revenues/Other Financing Sources Over (Under) Expenditures/Other Financing Uses $ (23,672) $ 0 $ (833) $ 0 Fund Balance Appropriated $ 7,640 $ 0 $ 0 $ 0 Fund Balance - Beginning of Year $ 118,634 $ 92,225 $ 92,225 $ 91,392 Increase (Decrease) (26,409) 0 (833) 0 Fund Balance - End of Year $ 92,225 $ 92,225 $ 91,392 $ 91,392 * Excludes Encumbrances Reappropriated in the amount of $ - Fund Balance Available Analysis (Thousands) /11 11/12 12/13 13/14 est. 14/15 bud Fiscal Year *1 Revenues/Sources Expenditures/Uses Ending Balance 210

7 DEPARTMENT SUMMARY COMMUNITY DEVELOPMENT Estimated Personnel Services $ 388,110 $ 0 $ 17,253 $ 0 Operating Expenses 94, , , ,000 Recovered Costs (71,001) Other / Contingency 0 2, TOTAL $ 411,338 $ 153,570 $ 148,203 $ 125,

8 PERSONNEL SUMMARY Class Title Salary Range Authorized Authorized Authorized Community Development Administration (8001) Community Development Administrator Community Development Specialist Housing Program Assistant Community Development Rehabilitation (8003) CD Project Coordinator CD Loan Specialist Full-time

9 SUMMARY OF COMMUNITY DEVELOPMENT GRANT PROJECTS As ed June 30, 2014 System Vision Program 200, Economic Development Initiative Special Project - Hi-Dollar Warehouse 367, Economic Development Initiative Special Project - Tucker Furniture 200, CDBG (NC Catalyst Funds) Flynn Christian Home Grant Project 500, Urgent Repair Program 80, Single Family Rehabilitation Loan Pool Grant 170, Urgent Repair Program 100,

10 COMMUNITY DEVELOPMENT ADMINISTRATION AND REHABILITATION Description of Services: Community Development Administration and Rehabilitation is responsible for applying for federal and state grants, provide rehabilitation assistance and technical assistance, address Council s housing goals, qualify first-time homebuyers for mortgages and service loans, revitalize distressed neighborhoods, and assist low-to-moderate income families. PROGRAM GOALS AND INITIATIVES: Apply for federal and state grants to effectuate the elimination of urban blight and substandard housing Revitalize various areas by offering grants and/or loans to property owners, and by redeveloping those areas plagued by severe dilapidation and urban blight Plan and implement community development, revitalization, and redevelopment activities Initiate strategies for funding and implementation Rehabilitate substandard housing under various grant-funded programs Estimated Personnel Services $ 388,110 $ 0 $ 17,253 $ 0 Operating Expenses 94, , , ,000 Recovered Costs (71,001) Other / Contingency 0 2, TOTAL $ 411,338 $ 153,570 $ 148,203 $ 125,000 PERFORMANCE INDICATORS: Outputs Estimated Goal Grant applications completed Grants/loans provided Neighborhoods revitalized LMI families assisted Down payment loans provided Qualified for first mortgages

11 SYSTEM VISION PROGRAM Description of Services: System Vision Program is responsible for grant funds from the NCHFA. PROGRAM GOALS AND INITIATIVES: Grant of $4,000 per unit will be provided for new homes built in the Freeman Place III project area incorporating energy efficiency measures Build new homes with energy efficiency measures REVENUES Project Total to Date Authorization Prior Years Estimated Estimated System Vision Grant $ 200,000 $ 152,890 $ $ 152,890 Investment Income Total $ 200,000 $ 152,931 $ $ 152,931 EXPENDITURES Energy Efficiency Construction $ 200,000 $ 152,931 $ $ 152,931 Total $ 200,000 $ 152,931 $ $ 152,931 PERFORMANCE INDICATORS: Outputs Estimated Goal Homes built Homes with energy efficiency

12 2008 ECONOMIC DEVELOPMENT INITIATIVE PROJECT HI DOLLAR WAREHOUSE Description of Services: This federal earmark in the amount of $367,500 will allow for the purchase of the warehouse and improvements to the structure. PROGRAM GOALS AND INITIATIVES: Acquire property Eliminate urban blight Revitalize distressed properties REVENUES Project Total to Date Authorization Prior Years Estimated Estimated Housing and Urban Development Grant $ 367,500 $ 217,350 $ $ 217,350 Total $ 367,500 $ 217,350 $ $ 217,350 EXPENDITURES Acquisition $ 175,000 $ 175,000 $ 175,000 Demolition 167,500 42,350 42,350 Architect/Engineering 25,000 Total $ 367,500 $ 217,350 $ $ 217,350 PERFORMANCE INDICATORS: Outputs Estimated Goal Acquire property 100% 0 0 Site improvements % 216

13 2010 ECONOMIC DEVELOPMENT INITIATIVE PROJECT TUCKER FURNITURE Description of Services: This federal earmark in the amount of $200,000 will be used to renovate the property. PROGRAM GOALS AND INITIATIVES: Eliminate urban blight Revitalize distressed properties REVENUES Project Total to Date Authorization Prior Years Estimated Estimated Housing and Urban Development Grant $ 200,000 $ 165,000 $ 165,000 Total $ 200,000 $ $ 165,000 $ 165,000 EXPENDITURES Rehabilitation $ 200,000 $ $ 200,000 $ 200,000 Total $ 200,000 $ $ 200,000 $ 200,000 PERFORMANCE INDICATORS: Outputs Estimated Goal Renovation activities 0 75% 100% 217

14 2012 CDBG NC CATALYST FUNDS FLYNN CHRISTIAN HOME Description of Services: 2012 CDBG NC Catalyst Funds Flynn Christian Home is responsible for a $500,000 grant to address a comprehensive rehabilitation of the historic Flynn Christian Home, a residential home for homeless men with substance abuse problems. PROGRAM GOALS AND INITIATIVES: Program funds will be used to address the rehabilitation of and to upgrade and promote energy efficiency at a public facility for special needs persons. Keep a public facility for low and moderate income (LMI) homeless men open and operating efficiently REVENUES Project Total to Date Authorization Prior Years Estimated Estimated CDBG Catalyst Grant $ 500,000 $ $ 13,713 $ 13,713 Total $ 500,000 $ $ 13,713 $ 13,713 EXPENDITURES Rehabilitation $ 390,000 $ $ $ Relocation 60,000 Administration 50,000 23,713 23,713 Total $ 500,000 $ $ 23,713 $ 23,713 PERFORMANCE INDICATORS: Outputs Estimated Goal Renovation Activities 0 5% 100% 218

15 2013 URGENT REPAIR PROGRAM Description of Services: 2013 Urgent Repair Program is responsible for a grant of $75,000. PROGRAM GOALS AND INITIATIVES: Program funds will be used to address urgent repair needs for LMI owner-occupied homes (a maximum of $6,000 per unit may be used) Revitalize distressed properties Address LMI owner-occupied homes that have urgent needs REVENUES Project Total to Date Authorization Prior Years Estimated Estimated 2013 Urgent Repair Grant $ 75,000 $ 37,500 $ 37,500 Transfer from General Fund 5,000 5,000 5,000 Investment Income Total $ 80,000 $ $ 42,515 $ 42,515 EXPENDITURES Rehabilitation $ 72,200 $ $ 37,030 $ 37,030 Administration 7,800 3,600 3,600 Total $ 80,000 $ $ 40,630 $ 40,630 PERFORMANCE INDICATORS: Outputs Estimated Goal Units rehabilitated Units completed

16 2013 SINGLE FAMILY REHABILITATION Description of Services: 2013 SFR funding in the amount of $170,000 will be used to address comprehensive rehabilitation needs in LMI owner-occupied households. PROGRAM GOALS AND INITIATIVES: Address comprehensive rehabilitation needs in LMI owner-occupied households REVENUES Project Total to Date Authorization Prior Years Estimated Estimated 2013 Single Family Rehab Grant $ 170,000 $ $ $ Total $ 170,000 $ $ $ EXPENDITURES Rehabilitation $ 153,000 $ $ 10,000 $ 10,000 Administration 17,000 Total $ 170,000 $ $ 10,000 $ 10,000 PERFORMANCE INDICATORS: Outputs Estimated Goal Units rehabilitated Units completed

17 2014 URGENT REPAIR PROGRAM Description of Services: 2014 Urgent Repair Program is responsible for a grant of $100,000. PROGRAM GOALS AND INITIATIVES: Program funds will be used to address urgent repair needs for LMI owner-occupied homes (a maximum of $8,000 per unit may be used) Revitalize distressed properties Address LMI owner-occupied homes that have urgent needs Proposed Total to Date Authorization Prior Years Estimated Estimated REVENUES 2014 Urgent Repair Grant $ 100,000 $ $ $ Total $ 100,000 $ $ $ EXPENDITURES Urgent Repair Program Expenditures $ 100,000 $ $ $ Total $ 100,000 $ $ $ PERFORMANCE INDICATORS: Outputs Estimated Goal Units rehabilitated Units completed