CPC Budget Reports 2009-03-16
CPC General Account
Receipts Reserved Acct. Fund 2344
*This should always match the current account balance in Munis.
CumulativeThrough 3/6/09
TotalFY09FY08FY07
Revenue
CPA Tax Surcharge2,005,062.63568,333.14733,597.86703,131.63
Interest on Taxes3,375.901,022.661,545.96807.28
Interest on Investments109,051.9731,426.1956,616.7421,009.04
Tax Title Revenue1,454.101,049.07405.03
Interest on Tax Titles129.2287.6141.61
State Revenue1,302,446.00588,231.00714,215.00
Sub-total Revenue
3,421,519.821,190,149.671,506,422.20724,947.95
Transfers
To Capital Fund (Administration)115,000.0065,000.0050,000.00
To Capital Fund (Funded Projects)2,302,554.251,321,212.00981,342.25
Sub-total Expenditures/Transfers
2,417,554.251,386,212.001,031,342.250.00
Current General Account Balance
1,003,965.57(196,062.33)475,079.95724,947.95
TotalFY09FY08FY07
Capital Account
CPA Capital Account Fund 3100
*transfers from CPC General Fund for
Year & Account
Tranferred InOn WarrantPaid
RoundBalance 2/2/09
Projects:
2008 -312,000.00 12,000.00
Broad Brook Coalition - Fitzgerald Lake
2008 -3150,000.00 150,000.00
Committee for Northampton, Inc - Ruggles Center
2008 -32,761.00 2,761.00
DAR Betty Allen Chapter - DAR House
2008 -3118,600.00 118,600.00
Nonotuck Land Fund - Marble Brook
2008 -310,000.00 2,450.00 7,550.00 0.00
Northampton Cons Comm - Conservation Fund
2008 -340,000.00 40,000.00
Northampton Rec Comm - Feasibility Study
2008 -3225,000.00 225,000.00
Valley CDC - King Street SRO
2008 -3250,000.00 250,000.00
Valley CDC - Maple Street SRO
2008 -310,000.00 10,000.00
Valley CDC - Pre-development Fund
2008 -239,617.00 18,740.00 18,800.00 2,077.00
Alliance for Sober Living - Summer Street
2008 -226,627.00 26,627.00
HAP - Paradise Pond
2008 -2105,100.00 105,100.00
Historic Northampton Museum - Renovation
2008 -249,708.00 49,708.00
Northampton City Clerk - Historic Records
2008 -231,000.00 31,000.00 0.00
Northampton Cons Comm - Fitzgerald Lake
2008 -2150,000.00 150,000.00 0.00
Northampton Cons Comm - Saw Mill Hills
2008 -235,000.00 1,000.00 34,000.00
Northampton Planning Department - Jackson St
2008 -28,824.00 8,824.00 0.00
Service Net - Grove Street
2008 -1250,000.00 250,000.00 0.00
First Churches - Renovation
2008 -1120,000.00 120,000.00
Habitat for Humanity - Garfield Avenue
2008 -135,681.25 35,681.25
Historic Elm Street - Elm Street District
2008 -1220,000.00 220,000.00 0.00
Housing First - Community Housing
2008 -135,000.00 4,937.50 30,062.50
Housing Partnership - Strategic Plan
2008 -1350,000.00 350,000.00 0.00
Northampton Planning Department - Mineral Hills
2008 -11,475.00 1,475.00 0.00
Northampton Recreation Comm - Sheldon Field
2008 -126,161.00 26,161.00 0.00
Valley CDC - First-time Homebuyers
Administration:
Administration200965,000.00
-salaries2009 12,355.12
-administration2009 2,592.00
-admin transfer to general fund2009 8,417.00 41,635.88
Administration200850,000.00
-salaries2008 17,218.09
-administration2008 6,016.16
-admin transfer to general fund2008 8,172.00 18,593.75
Balance in
Capital
Total
Accounts
2,417,554.25 30,014.00 1,115,693.87 1,271,846.38
Forecasted Income & Expenses
*Bottom line from General Fund, minus forecasted but not allocated expenses, plus projected receipts & interest.
General Fund DateCredit/DebitBalance
General Fund Current Balance3/6/09$1,003,966$1,003,966
Committed & Expected Items
Forbes FY 2008 (not allocated yet)5/15/08-$250,000$753,966
FCBA (CPC reserved)6/18/08-$40,000$713,966
Forbes FY 2009 (not allocated yet)7/1/08-$250,000$463,966
March receipts & interest (estimate)4/1/09$66,250$530,216Available at 2009 Round 1
April receipts & interest (estimate)5/1/09$66,250$596,466
May receipts & interest(estimate)6/1/09$66,250$662,716
June receipts & interest (estimate)7/1/09$66,250$728,966
July receipts & interest (estimate)8/1/09$66,250$795,216
Forbes Interest8/1/09$7,031$802,247
August receipts & interest (estimate)9/1/09$66,250$868,497
September receipts & interest(estimate)10/1/09$66,250$934,747
State Match (estimated)10/15/09$218,104$1,152,851Estimated 29% match of FY2009 CPA Revenue.
October receipts & interest (estimate)11/1/09$66,250$1,219,101
November receipts & interest (estimate)12/1/09$66,250$1,285,351Available at 2009 Round 2
Forbes Principal2/1/10-$125,000$1,160,351
Forbes Interest2/1/10$7,031$1,167,382
Forbes Interest8/1/10$3,906$1,171,288
Forbes Principal2/1/11-$125,000$1,046,288
Forbes Interest2/1/11$3,906$1,050,195
Forbes Interest8/1/11$2,500$1,052,695
Forbes Principal2/1/12-$125,000$927,695
Forbes Interest2/1/12$2,500$930,195
Forbes Interest8/1/12$1,250$931,445
Forbes Principal2/1/13-$125,000$806,445
Forbes Interest2/1/13$1,250$807,695
Category Allocation
Summary View
*Percentage of CPC dollars per category
CumulativeCum.
Total $Tot. %FY11 $FY11 %FY10 $FY10 % FY09 $FY09 %FY08 $FY08 %
Historic Preservation
1,633,250.2548.9%250,000.00100.0%250,000.00100.0%436,436.0037.7%696,814.2541.4%
Affordable Housing
961,229.0028.8%0.000.0%0.000.0%542,000.0046.8%419,229.0024.9%
Open Space
673,100.0020.1%0.000.0%0.000.0%140,600.0012.1%532,500.0031.6%
Recreation
75,000.002.2%0.000.0%0.000.0%40,000.003.5%35,000.002.1%
Total
3,342,579.25100.0%250,000.00100.0%250,000.00100.0%1,159,036.00100.0%1,683,543.25100.0%
Category Allocation
Detail View
*Percentage of CPC dollars per category
CumulativeCum.
Total $Tot. %FY11 $FY11 %FY10 $FY10 % FY09 $FY09 %FY08 $FY08 %
Historic Preservation
Elm Str. Historical District
35,681.25 35,681.25
First Churches Meeting House
250,000.00 250,000.00
Forbes Library
1,000,000.00250,000.00250,000.00250,000.00250,000.00
Forbes Library Bonding
0.00
City Clerk
49,708.0033,675.0016,033.00
Historic Northampton
105,100.00105,100.00
Florence Civic Center
40,000.0040,000.00
Committee for Northampton, Inc - Ruggles Center
150,000.00150,000.00
DAR Betty Allen Chapter - DAR House
2,761.002,761.00
Sub-total Historic Preservation
1,633,250.2548.9%250,000.00100.0%250,000.00100.0%436,436.0037.7%696,814.2541.4%
Affordable Housing
Habitat for Humanity
120,000.0057,000.00 63,000.00
FHCHI Housing Acquisition
220,000.00 220,000.00
Hamp. Housing Partnership
35,000.00 35,000.00
Valley Community Development
26,161.00 26,161.00
Grove Street
8,824.00 8,824.00
Summer Street
39,617.00 39,617.00
Paradise Pond
26,627.00 26,627.00
Valley CDC - King Street SRO
225,000.00225,000.00
Valley CDC - Maple Street SRO
250,000.00250,000.00
Valley CDC - Pre-development Fund
10,000.0010,000.00
Sub-total Affordable Housing
961,229.0028.8%0.000.0%0.000.0%542,000.0046.8%419,229.0024.9%
Open Space
Mineral Hills Land Acquisition
350,000.00 350,000.00
Rec. Comm. Land Acquisition
1,500.00 1,500.00
Saw Mill Hills
150,000.00150,000.00
Fitzgerald Lake
31,000.0031,000.00
Broad Brook Coalition - Fitzgerald Lake
12,000.0012,000.00
Conservation Committee - Conservation Fund
10,000.0010,000.00
Nonotuck Land Fund - Marble Brook
118,600.00118,600.00
Sub-total Open Space
673,100.0020.1%0.000.0%0.000.0%140,600.0012.1%532,500.0031.6%
Recreation
Jackson Street
35,000.0035,000.00
Recreation Commission - Feasibility Study
40,000.0040,000.00
Sub-total Recreation
75,000.002.2%0.000.0%0.000.0%40,000.003.5%35,000.002.1%
Total
3,342,579.25100.0%250,000.00100.0%250,000.00100.0%1,159,036.00100.0%1,683,543.25100.0%
Project Status
Broad Brook Committee for DAR Betty Allen Nonotuck Land
Applicant
CoalitionNorthampton, IncChapterFund
David Ruggles
Project Name
Fitzgeral LakeDAR HouseMarble Brook
Center
CPA Type
Open SpaceHistoricHistoric Open Space
Funding Year / Round
2008, Round 32008, Round 32008, Round 32008, Round 3
Funding Amount ($)
$12,000$150,000$2,761$118,600
CPA % of Total Cost
94%43%100%85%
CPC Recommended (date)
12/3/0812/3/0812/3/0812/3/08
Council Approval (date), Funds
1/15/2009, yes1/15/2009, yes1/15/2009, yes1/15/2009, yes
allocated to Cap Act
Preservation Guarantee needed
(CPC or other)?
Grant Agreement Signed?
Pre-funding Conditions Met?
Funds Requested, On Warrant,
Funds Disbursed
6-Month Update Due Date,
Currently In Compliance?
Final Report Filed (date), Final $
Amount
Time to Council approval/ Time to
5 months/?5 months/?5 months/?5 months/?
Completely Fund
Monitoring Timeline / Authority /
Currently In Compliance
Status/Notes
1
Project Status
Northampton Northampton
Applicant
Conservation Recreation
Valley CDCValley CDC
CommissionCommission
Foreclosure
Project Name
Conservation FundFeasibility StudyKing Street SRO
Prevention
CPA Type
Open SpaceRecreationHousingHousing
Funding Year / Round
2008, Round 32008, Round 32008, Round 32008, Round 3
Funding Amount ($)
$10,000$40,000$86,250$225,000
CPA % of Total Cost
100%57%100%11%
CPC Recommended (date)
12/3/0812/3/0812/3/0812/3/08
Council Approval (date), Funds
1/15/2009, yes1/15/2009, yes1/15/2009, yes
allocated to Cap Act
Preservation Guarantee needed
no
(CPC or other)?
Grant Agreement Signed?
yes
Pre-funding Conditions Met?
yes
3/09
Funds Requested, On Warrant,
3/02/09
Funds Disbursed
yes
6-Month Update Due Date,
Currently In Compliance?
Final Report Filed (date), Final $
Amount
Time to Council approval/ Time to
5 months/?5 months/?
Completely Fund
Monitoring Timeline / Authority /
Currently In Compliance
Fund exhausted. Up
Status/Notes
for re-funding April 1,
2009
2
Project Status
Florence Civic &
Alliance for Sober
Applicant
Business
Valley CDCValley CDC
Living
Association
Pre-development
Project Name
Maple Street SROSummer StreetFCBA Museum
Fund
CPA Type
HousingHousingHousingHistoric
Funding Year / Round
2008, Round 32008, Round 32008, Round 22008, Round 2
Funding Amount ($)
$250,000$10,000$39,617$40,000
CPA % of Total Cost
12%100%83%100%
CPC Recommended (date)
12/3/0812/3/086/18/086/18/08
Council Approval (date), Funds
1/15/2009, yes1/15/2009, yes7/10/2008, yeswaiting for FCBA
allocated to Cap Act
Preservation Guarantee needed
yesyes
(CPC or other)?
Grant Agreement Signed?
no
Pre-funding Conditions Met?
no
3/09
Funds Requested, On Warrant,
3/21/09
Funds Disbursed
yes
6-Month Update Due Date,
Currently In Compliance?
Final Report Filed (date), Final $
Amount
Time to Council approval/ Time to
5 months/?5 months/?4 months/?
Completely Fund
Monitoring Timeline / Authority /
Currently In Compliance
Work completed. Waiting on FCBA to
Status/Notes
$2077 remaining.make decision.
3
Project Status
Historic Northampton
Northampton City
Applicant
Northampton Conservation
HAP
Clerk
MuseumCommission
Historic
City Clerk Historic
Project Name
Northampton
Paradise PondFitzgerald Lake
Records
Museum
CPA Type
HousingHistoric HistoricOpen Space
Funding Year / Round
2008, Round 22008, Round 22008, Round 22008, Round 2
Funding Amount ($)
$26,627$105,100$49,708$31,000
CPA % of Total Cost
100%66%100%86%
CPC Recommended (date)
6/18/086/18/086/18/086/18/08
Council Approval (date), Funds
7/10/2008, yes7/10/2008, yes7/10/2008, yes7/10/2008, yes
allocated to Cap Act
Preservation Guarantee needed
yes yesyesyes
(CPC or other)?
Grant Agreement Signed?
noyesyesyes
PR signed, in the
Pre-funding Conditions Met?
yes (there are none)yesyes (there are none)
mail
12/08
Funds Requested, On Warrant,
12/23/08
Funds Disbursed
yes
6-Month Update Due Date,
Currently In Compliance?
Final Report Filed (date), Final $
need to determine
Amount formate, $31,000
Time to Council approval/ Time to
4 months/?4 months/?4 months/?4 months/5 months
Completely Fund
Monitoring Timeline / Authority /
Currently In Compliance
Project completed.
Waiting for applicant Waiting for applicant Waiting for city clerk
Status/Notes
Need to determine
to submit invoice.to request funds,to request funds.
monitoring plan.
4
Project Status
Northampton Northampton
Applicant
Conservation Planning
Service NetFirst Churches
CommissionDepartment
Project Name
Saw Mill HillsJackson StreetGrove StreetFirst Churches
CPA Type
Open SpaceRecreationHousingHistoric
Funding Year / Round
2008, Round 22008, Round 22008, Round 22008, Round 1
Funding Amount ($)
$150,000$35,000$8,824$250,000
CPA % of Total Cost
39%80%100%13%
CPC Recommended (date)
6/18/086/18/086/18/083/19/08
Council Approval (date), Funds
7/10/2008, yes7/10/2008, yes7/10/2008, yes5/15/2008, yes
allocated to Cap Act
Preservation Guarantee needed
yes yes yes yes
(CPC or other)?
Grant Agreement Signed?
yesyesnoyes
no (PR submitted to
Pre-funding Conditions Met?
yes (there are none)yes (there are none)yes (there are none)MHC, awaiting
signature)
1/09 3/30/09 12/09/08
Funds Requested, On Warrant,
1/7/09 $1000 on 3/4/093/30/09 12/09/08
Funds Disbursed
yesnot yetyes
6-Month Update Due Date,
Currently In Compliance?
Final Report Filed (date), Final $
need to determine need to determine need to determine
Amount format, $150,000format, $8824format, $250,000
Time to Council approval/ Time to
4 months/6months4 months/?4 months/?5 months/7 months
Completely Fund
Monitoring Timeline / Authority /
need to determine need to determine
Currently In Compliance
Waiting for MHC to
Project completed.
Waiting for applicant Work completed. sign PR. Project
Status/Notes
Need to determine
to request funds.Awaiting final report.completed. Waiting
monitoring plan.
for final report.
5
Project Status
Habitat for
Applicant
Forbes LibraryHistoric Elm StreetHousing First
Humanity
Community
Project Name
Forbes LibraryGarfield AvenueElm Street District
Housing
CPA Type
HistoricHousingHistoric Housing
Funding Year / Round
2008, Round 12008, Round 12008, Round 12008, Round 1
Funding Amount ($)
$1,000,000$120,000$35,681$220,000
CPA % of Total Cost
100%17%98%56%
CPC Recommended (date)
3/19/083/19/083/19/083/19/08
Council Approval (date), Funds
5/15/2008, yes5/15/2008, yes5/15/2008, yes5/15/2008, yes
allocated to Cap Act
Preservation Guarantee needed
yesyesnoyes
(CPC or other)?
Grant Agreement Signed?
pendingyes?yes
no (need to submit no (need to
Pre-funding Conditions Met?
yesyes
funding plan)eastablish OPD fund)
5/22/08
Funds Requested, On Warrant,
5/29/08
Funds Disbursed
yes
6-Month Update Due Date,
n/a
Currently In Compliance?
Final Report Filed (date), Final $
need to determine
Amount format, $220,000
Time to Council approval/ Time to
5 months/?5 months/?5 months/?5 months/1 month
Completely Fund
Monitoring Timeline / Authority /
need to determine
Currently In Compliance
Work has begun. Contract awarded.
Contract submitted. Project completed.
Status/Notes
Need to make certain Awaiting work to
Work starting.Awaiting final report.
conditions met.begin.
6
Project Status
Northampton Northampton
Housing
Applicant
Planning Recreation
Valley CDC
Partnership
DepartmentCommission
First-time
Project Name
Strategic PlanMineral HillsSheldon Field
Homebuyers
CPA Type
Housing Open SpaceRecreationHousing
Funding Year / Round
2008, Round 12008, Round 12008, Round 12008, Round 1
Funding Amount ($)
$35,000$350,000$1,500$26,161
CPA % of Total Cost
100%36%12%100%
CPC Recommended (date)
3/19/083/1/083/1/083/19/08
Council Approval (date), Funds
5/15/2008, yes3/20/2008, yes5/15/2008, yes5/15/2008, yes
allocated to Cap Act
Preservation Guarantee needed
noyesyesno
(CPC or other)?
Grant Agreement Signed?
yesyesyesyes
Pre-funding Conditions Met?
yesyesyesyes
$4938 2/09 5/20/08 5/20/08 9/10/2008
Funds Requested, On Warrant,
2/5/09 5/20/08 5/20/08 1/28/2009
Funds Disbursed
yesyesyes2/2009
6-Month Update Due Date,
n/an/a
Currently In Compliance?
Final Report Filed (date), Final $
Final report received, Final report received, need to determine
Amount $350,000$1,475format, $26,161
Time to Council approval/ Time to
5 months/?4 months/2months5 months/2 months5 months/8months
Completely Fund
Monitoring Timeline / Authority /
need to determine need to determine
Currently In Compliance
RFP responses for
VCDC has received
Part 2 due April 3,
Status/Notes
Project completed. Project completed.funds. Awaiting final
2009. To be awarded
report.
by end of April.
7