CPC Budget Reports 2008-11-14
CPC General Account
Receipts Reserved Acct. Fund 2344
*This should always match the current account balance in Munis.
CumulativeThrough 8/31/08
TotalFY09FY08FY07
Revenue
CPA Tax Surcharge1,804,549.96367,820.47733,597.86703,131.63
Interest on Taxes3,039.14685.901,545.96807.28
Interest on Investments87,403.899,778.1156,616.7421,009.04
Tax Title Revenue811.44406.41405.03
Interest on Tax Titles83.3841.7741.61
State Revenue1,302,446.00588,231.00714,215.00
Sub-total Revenue3,198,333.81966,963.661,506,422.20724,947.95
Expenditures/Transfers
Transfers to Capital Fund (Administration)115,000.0065,000.0050,000.00
Transfers to Capital Fund (Funded Projects)1,268,394.25287,052.00981,342.25
Sub-total Expenditures/Transfers1,383,394.25352,052.001,031,342.250.00
Current Fund Balance1,814,939.56614,911.66475,079.95724,947.95
TotalFY09FY08FY07
Capital Account
CPA Capital Account Fund 3100
*transfers from CPC General Fund for Administration & Funded Projects
CumulativeThrough 11/14/08
TotalFY09FY08
Transfers In - Projects:
Mineral Hills Land Acquisition350,000.00 350,000.00
Rec. Comm. Land Acquisition1,500.00 1,500.00
Elm Str. Historical District35,681.25 35,681.25
First Churches Meeting House250,000.00 250,000.00
Habitat for Humanity120,000.0057,000.00 63,000.00
FHCHI Housing Acquisition220,000.00 220,000.00
Hamp. Housing Partnership35,000.00 35,000.00
Valley Community Development26,161.00 26,161.00
Fitzgerald Lake31,000.0031,000.00
Jackson Street35,000.0035,000.00
City Clerk Records49,708.0049,708.00
Northampton Museum105,100.00105,100.00
Paradise Pond26,627.0026,627.00
Summer Street Housing39,617.0039,617.00
Transfers In - Administration:
Administration115,000.0065,000.00 50,000.00
Sub-total Revenue
1,440,394.25409,052.001,031,342.25
CumulativeThrough 8/31/08
TotalFY09FY08
Expended - Projects:
Mineral Hills Land Acquisition350,000.00 350,000.00
Rec. Comm. Land Acquisition1,475.00 1,475.00
Elm Str. Historical District0.00
First Churches Meeting House0.00
Habitat for Humanity0.00
FHCHI Housing Acquisition220,000.00 220,000.00
Hamp. Housing Partnership0.00
Valley Community Development0.00
Fitzgerald Lake0.00
Jackson Street0.00
City Clerk Records0.00
Northampton Museum0.00
Paradise Pond0.00
Summer Street Housing0.00
Expended - Administration:
Salaries24,393.187,175.09 17,218.09
Administration6,016.16 6,016.16
Administrative Transfer to the General Fund8,172.00 8,172.00
Sub-total Revenue
610,056.347,175.09602,881.25
Current Fund Balance
830,337.91401,876.91428,461.00
TotalFY09FY08
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 Balance (8-31-08)11/14/08$1,814,940$1,814,940
Item
Forbes FY 20085/15/08-$250,000$1,564,940
FCBA (CPC reserved)6/18/08-$40,000$1,524,940
Forbes FY 20097/1/08-$250,000$1,274,940
Service Net, Grove Street7/10/08-$8,824$1,266,116
Northampton Cons Comm, Saw Mill Hills7/10/08-$150,000$1,116,116AVAILABLE 11/19/08
November receipts & interest (estimate)12/1/08$33,125$1,149,241
December receipts & interest (estimate)1/1/09$66,250$1,215,491
January receipts & interest (estimate)2/1/09$66,250$1,281,741
February receipts & interest (estimate)3/1/09$66,250$1,347,991
March receipts & interest (estimate)4/1/09$66,250$1,414,241
April receipts & interest (estimate)5/1/09$66,250$1,480,4912009 ROUND 1 (SEE BELOW)
May receipts & interest(estimate)6/1/09$66,250$1,546,741
June receipts & interest (estimate)7/1/09$66,250$1,612,991
Forbes FY20107/1/09-$250,000$1,362,991
Forbes FY20117/1/10-$250,000$1,112,991
2009 ROUND 1 PROJECTED FUNDS
If you spend this Then this amount
much for 2008 Round available for 2009
2008 Round 3 proposed projects = $1,090,287 3Round 1
Fund 100% of 2008 Round 3-$1,090,297$390,194
Fund 75% of 2008 Round 3-$817,723$662,768
Fund 50% of 2008 Round 3-$545,149$935,342
Fund 25% of 2008 Round 3-$272,574$1,207,916
Category Allocation
Summary View
*Percentage of CPC dollars per category
CumulativeCum.
Total $Tot. %FY11 $FY11 %FY10 $FY10 % FY09 $FY09 %FY08 $FY08 %
1,480,489.2558.7%250,000.00100.0%250,000.00100.0%283,675.0048.0%696,814.2541.4%
Historic Preservation
476,229.5018.9%0.000.0%0.000.0%307,000.0052.0%419,229.5024.9%
Affordable Housing
532,500.0021.1%0.000.0%0.000.0%0.000.0%532,500.0031.6%
Open Space
35,000.001.4%0.000.0%0.000.0%0.000.0%35,000.002.1%
Recreation
2,524,218.75100.0%250,000.00100.0%250,000.00100.0%590,675.00100.0%1,683,543.75100.0%
Total
Category Allocation
Detail View
*Percentage of CPC dollars per category
CumulativeCum.
Total $Tot. %FY11 $FY11 %FY10 $FY10 % FY09 $FY09 %FY08 $FY08 %
Historic Preservation
Elm Str. Historical District35,681.25 35,681.25
First Churches Meeting House250,000.00 250,000.00
Forbes Library1,000,000.00250,000.00250,000.00250,000.00250,000.00
Forbes Library Bonding0.00
City Clerk49,708.0033,675.0016,033.00
Historic Northampton105,100.00105,100.00
Florence Civic Center40,000.0040,000.00
1,480,489.2558.7%250,000.00100.0%250,000.00100.0%283,675.0048.0%696,814.2541.4%
Sub-total Historic Preservation
Affordable Housing
Habitat for Humanity120,000.0057,000.00 63,000.00
FHCHI Housing Acquisition220,000.00 220,000.00
Hamp. Housing Partnership35,000.00 35,000.00
Valley Community Development26,161.00 26,161.00
Grove Street8,824.00 8,824.00
Summer Street39,617.50 39,617.50
Paradise Pond26,627.00 26,627.00
Valley CDC, Maple St SRO0.00250,000.00
476,229.5018.9%0.000.0%0.000.0%307,000.0052.0%419,229.5024.9%
Sub-total Affordable Housing
Open Space
Mineral Hills Land Acquisition350,000.00 350,000.00
Rec. Comm. Land Acquisition1,500.00 1,500.00
Saw Mill Hills150,000.00150,000.00
Fitzgerald Lake31,000.0031,000.00
532,500.0021.1%0.000.0%0.000.0%0.000.0%532,500.0031.6%
Sub-total Open Space
Recreation
Jackson Street35,000.0035,000.00
35,000.001.4%0.000.0%0.000.0%0.000.0%35,000.002.1%
Sub-total Recreation
2,524,218.75100.0%250,000.00100.0%250,000.00100.0%590,675.00100.0%1,683,543.75100.0%
Total
Project Status
Habitat for
Applicant
Historic Elm StreetFirst ChurchesForbes Library
Humanity
Project Name
Elm Street DistrictFirst ChurchesForbes LibraryGarfield Avenue
CPA Type
Historic HistoricHistoricHousing
Funding Year / Round
2008, Round 12008, Round 12008, Round 12008, Round 1
Funding Amount ($)
$35,681$250,000$1,000,000$120,000
CPA % of Total Cost
98%13%100%17%
CPC Recommended (date)
3/19/083/19/083/19/083/19/08
Council Approval (date)
5/15/085/15/085/15/085/15/08
Funds Allocated to CPC Capital
5/15/085/15/08waiting for Forbes plan5/15/08
Account (date)
Preservation Guarantee needed
noyesyesyes
(CPC or other)?
Grant Agreement Signed?
?yespendingyes
no (need to eastablish no (PR submitted to MHC, no (need to submit
Pre-funding Conditions Met?
yes
OPD fund)awaiting signature)funding plan)
Funds Requested, On Warrant,
Funds Disbursed (dates)
6-Month Update Due Date,
Currently In Compliance?
Final Report Filed (date), Final $
Amount
Time to Fund / Time to Complete
Monitoring Timeline / Authority /
Currently In Compliance
Waiting for Forbes Library
They have solicited RFP, Waiting for MHC to sign Waiting for HFH to obtain
Status/Notes
funding plan. Also, city
waiting for decision.PR.site control.
treasurer bonding plan.
1
Project Status
Northampton Northampton
Housing
Applicant
Housing FirstPlanning Recreation
Partnership
DepartmentCommission
Community
Project Name
Strategic PlanMineral HillsSheldon Field
Housing
CPA Type
Housing Housing Open SpaceRecreation
Funding Year / Round
2008, Round 12008, Round 12008, Round 12008, Round 1
Funding Amount ($)
$220,000$35,000$350,000$1,500
CPA % of Total Cost
56%100%36%12%
CPC Recommended (date)
3/19/083/19/083/1/083/1/08
Council Approval (date)
5/15/085/15/083/20/085/15/08
Funds Allocated to CPC Capital
5/15/085/15/084/11/085/15/08
Account (date)
Preservation Guarantee needed
yesnoyesyes
(CPC or other)?
Grant Agreement Signed?
yesyesyesyes
Pre-funding Conditions Met?
yesyesyesyes
5/22/08 5/20/08 5/20/08
Funds Requested, On Warrant,
5/29/08 5/20/08 5/20/08
Funds Disbursed (dates)
5/29/085/29/085/29/08
6-Month Update Due Date,
n/an/an/a
Currently In Compliance?
Final Report Filed (date), Final $
need to determine format, need to determine format, need to determine format,
Amount $220,000$350,000$1,475
Time to Fund / Time to Complete
5 months/1 month4 months/2months5 months/2 months
Monitoring Timeline / Authority /
need to determine need to determine need to determine
Currently In Compliance
Project completed. Need
Project completed. Need Project completed. Need
Waiting for applicant to to reconcile account &
Status/Notes
to determine monitoring to determine monitoring
submit scope of services.determine monitoring
plan.plan.
plan.
2
Project Status
Northampton Florence Civic &
Northampton City
Applicant
Valley CDCConservation Business
Clerk
CommissionAssociation
First-time City Clerk Historic
Project Name
Fitzgerald LakeFCBA Museum
HomebuyersRecords
CPA Type
HousingHistoricOpen SpaceHistoric
Funding Year / Round
2008, Round 12008, Round 22008, Round 22008, Round 2
Funding Amount ($)
$26,161$49,708$31,000$40,000
CPA % of Total Cost
100%100%86%100%
CPC Recommended (date)
3/19/086/18/086/18/086/18/08
Council Approval (date)
5/15/089/4/089/4/08waiting for FCBA
Funds Allocated to CPC Capital
5/15/08Chris Pile to allocateChris Pile to allocate
Account (date)
Preservation Guarantee needed
noyesyes yes
(CPC or other)?
Grant Agreement Signed?
yesyesno
Pre-funding Conditions Met?
yesyesyes (there are none)
9/10/2008
Funds Requested, On Warrant,
?
Funds Disbursed (dates)
?
6-Month Update Due Date,
Currently In Compliance?
Final Report Filed (date), Final $
Amount
Time to Fund / Time to Complete
Monitoring Timeline / Authority /
Currently In Compliance
Funds requested, need to Waiting for applicants to
Waiting for city clerk to Waiting on FCBA to make
Status/Notes
determine if on warrant sign GA and request
request funds.decision.
yet.funds.
3
Project Status
Historic Northampton
Applicant
Service NetNorthampton Planning HAP
MuseumDepartment
Historic
Project Name
Grove StreetNorthampton Jackson StreetParadise Pond
Museum
CPA Type
HousingHistoric RecreationHousing
Funding Year / Round
2008, Round 22008, Round 22008, Round 22008, Round 2
Funding Amount ($)
$8,824$105,100$35,000$26,627
CPA % of Total Cost
100%66%80%100%
CPC Recommended (date)
6/18/086/18/086/18/086/18/08
Council Approval (date)
7/10/089/4/089/4/089/4/08
Funds Allocated to CPC Capital
Chris Pile to allocateChris Pile to allocateChris Pile to allocateChris Pile to allocate
Account (date)
Preservation Guarantee needed
yes yesyes yes
(CPC or other)?
Grant Agreement Signed?
noyes, in the mailnono
Pre-funding Conditions Met?
yes (there are none)PR signed, in the mailyes (there are none)yes (there are none)
Funds Requested, On Warrant,
Funds Disbursed (dates)
6-Month Update Due Date,
Currently In Compliance?
Final Report Filed (date), Final $
Amount
Time to Fund / Time to Complete
Monitoring Timeline / Authority /
Currently In Compliance
Waiting for applicants to Waiting for applicants to Waiting for applicants to
Waiting to receive signed
Status/Notes
sign GA and request sign GA and request sign GA and request
PR in mail.
funds.funds.funds.
4
Project Status
Northampton
Alliance for Sober
Applicant
Conservation Valley CDC
Living
Commission
Project Name
Saw Mill HillsSummer StreetMaple Street
CPA Type
Open SpaceHousingHousing
Funding Year / Round
2008, Round 22008, Round 22008, Round 3
Funding Amount ($)
$150,000$39,617$250,000
CPA % of Total Cost
39%83%12%
CPC Recommended (date)
6/18/086/18/089/17/08
to city council 10/2 &
Council Approval (date)
7/10/089/4/08
10/16
Funds Allocated to CPC Capital
Chris Pile to allocateChris Pile to allocate
Account (date)
Preservation Guarantee needed
yes yesyes
(CPC or other)?
Grant Agreement Signed?
no no
Pre-funding Conditions Met?
yes (there are none)no
Funds Requested, On Warrant,
Funds Disbursed (dates)
6-Month Update Due Date,
Currently In Compliance?
Final Report Filed (date), Final $
Amount
Time to Fund / Time to Complete
Monitoring Timeline / Authority /
Currently In Compliance
Waiting for applicants to Waiting for applicant to
Waiting for council
Status/Notes
sign GA and request submit two additional
approval.
funds.bids.
5