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Overall Cost Projections
<br />Staffing
<br />Start Up $186,975.00
<br />Homekey Eligible Staffing $877,375.63
<br />City-Only Staffing $223,463.13
<br />Leveraged Staffing $430,575.00
<br />Program and Operational Costs
<br />Start Up $161,000.00
<br />Homekey Eligible $560,686.15
<br />City-Only $124,223.48
<br />Funding Over Time
<br />Does not currently include cost of living adjustment
<br />Funding Cateogry Year 1 Year 2 Year 3 Year 4 Year 5
<br />FY23-24 FY24-25 FY25-26 FY26-27 FY27-28
<br />Expenses
<br />Start up $347,975.00 ------------
<br />City-Only Nav Center Costs $347,686.60 $194,505.13 $194,505.13 $194,505.13 $194,505.13
<br />Homekey Eligible Costs $1,438,061.77 $1,417,995.07 $1,417,995.07 $1,417,995.07 $1,417,995.07
<br />Subtotal of Annual Expenses $2,133,723.38 $1,612,500.20 $1,612,500.20 $1,612,500.20 $1,612,500.20
<br />Revenue
<br />Annual City Contribution for Start Up / Nav Center Costs $695,661.60 $194,505.13 $194,505.13 $194,505.13 $194,505.13
<br />Chronic Homeless Per Unit Subsidy ($1,400 per month x 29 units)$487,200.00 $487,200.00 $0.00 $0 $0
<br />HHAP Round 1 and 2 (already programmed, spend by 6/30/23)$0.00 $0.00 $0.00 $0.00 $0.00
<br />HHAP Round 3 (7/1/23 - 6/30/24)$331,000.00 $0.00 $0.00 $0.00 $0.00
<br />HHAP Round 4 (7/1/24 - 6/30/25)$0.00 $192,000.00 $0.00 $0.00 $0.00
<br />OTHER #1
<br />OTHER #2
<br />OTHER #3
<br />City's contribution for remaining Homekey program costs $619,861.77 $738,795.07 $1,417,995.07 $1,417,995.07 $1,417,995.07
<br />City's Year End Balance (Based off $5.6M)$4,284,476.62 $3,351,176.43 $1,738,676.23 $126,176.03 -$1,486,324.17
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