The Workforce Housing Fund is a special revenue fund established for the Workforce Housing Program that provides incentive-based policy recommendations for workforce housing projects.

Revenues and other sources for the Workforce Housing Fund total $5,550,303. This amount includes an estimated beginning balance of $5,550,066. This is an increase of .01% from the fiscal year 2022 adopted budget of $5,550,000.

It is important to note that amended, adopted, and proposed budget numbers include Beginning Fund Balance amounts, while actual and estimated actual do not. In accordance with Generally Accepted Accounting Principles, actual amounts reflect only revenues recognized each year. Beginning Fund Balance represents resources received and recognized in prior years as revenue but are available for appropriation in future years.

Expenditures and other uses for the Workforce Housing Fund total $5,550,303. This amount includes an estimated ending reserves balance of $5,550,303. Fiscal year 2023 proposed expenditures and other uses are balanced with the total proposed revenues and other sources.

It is important to note that amended, adopted, and proposed budget numbers include Reserves, while actual and estimated actual do not. In accordance with Generally Accepted Accounting Principles, actual amounts reflect only expenditures recognized each year. Reserves represent funds that are held for restricted purposes or may be reallocated for specific purposes throughout the fiscal year.