Budget Year / Version:
FY25
 
APPROVED
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Description

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Phase

Ongoing

Status

Active
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Budget Snapshot
$571.65M Total
Expenditures/Funding
$212M 6 Year Total
Expenditures/Funding
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Cost Change

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Justification

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Other

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Fiscal Note

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Disclosures

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Coordination

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Budget Snapshot
$571.65M Total
Expenditures/Funding
$212M 6 Year Total
Expenditures/Funding
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Project Details
Project NumberP760100
Date Last Modified03/01/24
Administering AgencyHousing & Community Affairs
CategoryCommunity Development and Housing
SubCategoryHousing (MCG)
Planning AreaCountywide
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Total Expenditures by Cost Element (000s)
$571,654Cost Elements$0$50000$100000$150000$200000$250000$300000$350000$400000$450000$500000$550000$600000$650000Land
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Total Funding by Source (000s)
11.4%56.0%26.6%5.2%CostElements$0$50000$100000$150000$200000$250000$300000$350000Current Revenue: GeneralCurrent Revenue: Montgomery Housing InitiativeHIF Revolving ProgramLoan Repayment ProceedsRecordation Tax Premium (MCG)
EXPENDITURES (000s)
YearThruRem202520262027202820292030beyond 6years$0$50000$100000$150000$200000$250000$300000Land
Cost ElementsTotalThru FY23Est FY24Total 6 YearsFY 25FY 26FY 27FY 28FY 29FY 30Beyond 6 Years
Planning, Design and Supervision$0$0$0$0$0$0$0$0$0$0$0
Land$571,654$296,231$63,423$212,000$97,000$27,000$22,000$22,000$22,000$22,000$0
Site Improvements and Utilities$0$0$0$0$0$0$0$0$0$0$0
Construction$0$0$0$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0$0$0$0
Total Expenditures$571,654$296,231$63,423$212,000$97,000$27,000$22,000$22,000$22,000$22,000$0
FUNDING (000s)
YearThruRem202520262027202820292030beyond 6years$0$20000$40000$60000$80000$100000$120000$140000$160000$180000$200000Current Revenue: GeneralCurrent Revenue: Montgomery Housing InitiativeHIF Revolving ProgramLoan Repayment ProceedsRecordation Tax Premium (MCG)
Funding SourceTotalThru FY23Est FY24Total 6 YearsFY 25FY 26FY 27FY 28FY 29FY 30Beyond 6 Years
Current Revenue: General$65,000$0$0$65,000$65,000$0$0$0$0$0$0
Current Revenue: Montgomery Housing Initiative$4,775$4,775$0$0$0$0$0$0$0$0$0
HIF Revolving Program$320,216$187,675$30,032$102,509$17,355$16,331$15,740$16,956$17,370$18,757$0
Loan Repayment Proceeds$152,123$99,241$23,391$29,491$4,645$5,669$6,260$5,044$4,630$3,243$0
Recordation Tax Premium (MCG)$29,540$4,540$10,000$15,000$10,000$5,000$0$0$0$0$0
Total Funding Sources$571,654$296,231$63,423$212,000$97,000$27,000$22,000$22,000$22,000$22,000$0
APPROPRIATION AND EXPENDITURE DATA ($000s)
Appropriation FY 25 Request$97,000
Year First AppropriationFY01
Appropriation FY 26 Request$27,000
Last FY's Cost Estimate$441,986
Cumulative Appropriation$359,654
Expenditure / Encumbrances$306,545
Unencumbered Balance$53,109