special revenue fund budgets
Shows how the city plans to spend funds set aside for specific services
Watch for later meetings where placeholders turn into specific projects or loans, and for details on how the State takeover changes housing-related financing.
Typically discussed at Personnel and Finance Committee. Check back when the next agenda is published.
The city’s special-purpose fund budgets included a $100,000 placeholder for affordable housing projects and a $500,000 placeholder for business loans. Staff also said the Housing Revolving Loan Fund is expected to be closed next year because the State is taking over.
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Finance Director Kassie Paider reviewed proposed special-purpose (special revenue) fund budgets, including Sandy Bay Highlands, a Housing Revolving Loan Fund, an Affordable Housing fund, and a Business and Industrial Loan Fund.
Personnel and Finance Committee -
Staff described the Sandy Bay Highlands fund balance as being built from property sales.
Personnel and Finance Committee -
Staff said the Housing Revolving Loan Fund will be closed next year because the State is taking over.
Personnel and Finance Committee -
The Affordable Housing fund budget included a $100,000 placeholder for possible projects.
Personnel and Finance Committee -
The Business and Industrial Loan Fund budget included a $500,000 placeholder for new loans even though none were planned; staff noted placeholders can signal future spending priorities without naming specific projects yet.
Personnel and Finance Committee