CPC Financial snapshot february 2024.pdfFY24 CPA Financial OverviewFY24 CPA Projected BudgetEstimated Revenue (Local) $1,717,518State Match Received $433,397State Match Above Estimate, unavilable for spending until FY25‐$38,368Carryover ‐ FY23 State Match above estimate, unspent FY23 revenue, interest, and unspent admin$397,458Round 1 Funded Projects‐$1,463,000Returned funds from complete project ‐ Canal Greenway Retaining Wall$31,688Returned funds from complete project ‐ Academy of Music Lobby and Salon$2,532Adminstrative Account‐$75,000Debt Service FY24 (bonding payments)‐$231,636CPA Funds Available for FY24$774,589Location of available funds (includes reserve accounts, which can only be allocated to that CPA program area)Affordable Housing Reserve $0Open Space Reserve $0Historic Reserve $169,912Budgeted Reserve ‐ Undesignated $604,676Total $774,589FY24 Round 2 ProjectsApplicant ‐ ProjectCategoryCPA RequestAdditional FundsProject TotalCPA %Valley CDC ‐ 27 Crafts Ave housing $200,000$18,670,000$18,870,0001%OPS ‐ APR Program open space $60,000$25,000$85,00071%Ryan Road School ‐ Playground for All recreation $507,282$257,717$764,99966%Historic Northampton ‐ Parsons and Shepherdhistoric $47,104$32,000$79,10460%Lathrop Communities ‐ Invasices Removal open space $19,131 $148,061$167,19211%OPS ‐ Main Stret Park Design open space $77,000$34,000$111,00069%City Central Services ‐ Memorial Hall historic $2,715,932$0 $2,715,932100%OPS ‐ Housing Monitoring Oreservation housing $6,000$0 $6,000100%PVHH ‐ Woodland Drive housing $50,000$189,034$239,03421%TOTAL Round 2$3,682,449$19,355,812$23,038,261FY24 Round 1 ProjectsApplicant ‐ ProjectCategoryCPA RequestAdditional FundsProject TotalCPA %Approved GrantsSourceAmountAccount NumberCity Central Services ‐ Academy of Musichistoric $350,000$608,561$958,56137% $0 X $0City Central Services ‐ City Hall historic $350,000$1,660,971$2,010,97117% $0 X $0172 ‐ Conservation Commission ‐ Boggy Meadow Road Trail open space/rec$18,000$4,000$22,00082% $18,000budgeted reserve $18,0003100931‐593103‐24173 ‐ Historic Northampton ‐ Clothing Collectionhistoric $125,604$18,500$144,10487% $65,000historic reserve $65,0003100932‐593267‐24Planning & Sustainability ‐ Evergreen Road Housing housing $51,000$0 $51,000100% $0 X $0167B ‐ Planning & Sustainability ‐ Rocky Hill Greenway Multi Use Trail recreation $75,000$3,600,000$3,675,0002% $75,000budgeted reserve $75,0003100931‐593104‐24169B ‐ Planning & Sustainability ‐ CT River Greenway Multi Use Trail recreation $535,000$465,000$1,000,00054% $535,000open space reserce $232,393 3100931‐593105‐24budgeted reserve $302,607174 ‐ Northampton Recreation ‐ Pickleball Creationrecreation $550,000$50,000$600,00092% $350,000budgeted reserve $350,0003100931‐593106‐24Trustees of Smith Charities ‐ Building Assessment historic $25,000$0 $25,000100% $0 budgeted reserve $0175 ‐ Valley CDC ‐ Laurel Street Housinghousing $420,000$12,558,757$12,978,7573% $420,000housing reserve $232,3803100933‐593344‐24budgeted reserve $187,620TOTAL Round 1$2,499,604$18,965,789$21,465,393$1,463,000