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DocuSign Envelope ID:2A6C2779-DD90-42AA-8E9F-5C9900BBFA38
<br /> Agency Budget
<br /> Operating Budget for Agency
<br /> AGENCY NAME: Habitat for Humanity of Orange County
<br /> Actual Estimated Projected Percent
<br /> PROGRAM REVENUE 2018-19 2019-20 2020-21 Change
<br /> Private Donations $ - $ - $ - 0
<br /> Program Generated Revenue $ 1,211,161 $ 1,493,967 $ 2,215,038 48%
<br /> Local Government Grants:
<br /> Human Services-Town of Carrboro $ 2,500 $ - $ - 0
<br /> Other-Town of Carrboro $ 24,703 $ 15,000 $ 15,000 0%
<br /> Human Services-Town of Chapel Hill $ 3,000 $ 9,000 $ 28,422 216%
<br /> Other-Town of Chapel Hill $ - $ 420,000 $ 1,000,000 138%
<br /> Human Services-Orange County $ 41,250 $ 51,313 $ 76,133 48%
<br /> Other-Orange County $ 542,488 $ 222,747 $ 750,000 237%
<br /> Other-Town of Hillsborough $ 125,000 $ 84,680 1 $ - 1 -100%
<br /> Other Government Grants
<br /> Triangle United Way $ 769 $ 26,033 $ 26,389 1%
<br /> State Government $ - $ - $ - 0
<br /> Federal Government(CDBG/HOME/etc.) $ 150,701 $ 87,000 $ 207,000 138%
<br /> Private Foundation Grants $ 201,763 $ 212,927 $ 223,573 5%
<br /> Other Revenue $ 1,614,592 $ 2,744,187 $ 1,725,000 -37%
<br /> top 3 Other Estimated 2019-2020
<br /> -Mortgage pmts$700,000
<br /> -NCHFA$715,600
<br /> - ReStore proceeds$225,000
<br /> Total Program Revenue $ 3,917,927 $ 5,366,854 $ 6,266,555 17%
<br /> PROGRAM EXPENSES
<br /> Compensation $ 1,210,407 $ 1,318,774 $ 1,384,700 5%
<br /> Rent&Utilities $ 76,988 $ 79,391 $ 82,570 4%
<br /> Supplies &Equipment $ 92,414 $ 95,800 $ 90,000 -6%
<br /> Travel &Training $ 34,212 $ 30,500 $ 35,000 15%
<br /> Other Expenses: $ 3,155,395 $ 4,077,404 $ 4,699,730 15%
<br /> Total Program Expenses $ 4,569,416 $ 5,601,869 1 $ 6,292,000 1 12%
<br /> SURPLUS/(DEFICIT) FOR PERIOD: 1 $ (651,489) $ (235,015) $ (25,445) 89%
<br /> Please explain Other Grants
<br /> Other-Town of Carrboro is Affordable Housing Special Revenue Fund,for Home Preservation.
<br /> Other-Town of Chapel Hill is Affordable Housing Development Reserve, Affordable Housing Fund, and bond funds.
<br /> Other-Orange County is bond funds.
<br /> Other-Town of Hillsborough is from their developers' payment in lieu fund.
<br /> Does your program budget show a surplus or deficit? Please provide a brief explanation for the surplus or deficit.
<br /> Actual 2018-19 shows a deficit of-$651,489. Outliers include-$400,000 for property purchase and approximately
<br /> -$175,000 due to delayed house closings.
<br /> Estimated 2019-20 shows a deficit of-$235,015. Outliers include-$700,000 for property purchases, -$750,000 for
<br /> Weavers Grove predevelopment costs, +$500,000 from ReStore property sale, and +$300,000 bequest.
<br /> Projected 2020-21 shows a small deficit of-$25,445.
<br /> Our cash reserves have been sufficient to absorb these deficits.
<br /> FY 2020-21 Agency Budget
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