PROJECTED FUNDING – ESTIMATE ONLY

1/03/08

SUMMARY FOR 2008 CDBG/HOME DELIBERATIONS

2008 CDBG Grant (August 1, 2008 – July 31, 2009)                                   $   803,957

Program Income - Projected 2008                                                             $   100,000

Fund Reallocation  (Capital Improvements Only)                                            $   250,000

TOTAL CDBG FUNDS                                                                                              $1,153,957 

CDBG Capital Improvements                                                                    $   872,573

CDBG Public Services (Subject to 15% cap)                                                 $   120,593   

CDBG Administration (Subject to 20% cap)                                                $   160,791

TOTAL CDBG FUNDS                                                                                              $1,153,957 

2008 HOME Grant (August 1, 2008 – July 31, 2009)                                  $   624,605

TOTAL HOME FUNDS                                                                                             $   624,605

HOME CHDO 15% Required Set Aside (Minimum)                                         $     93,691   

HOME CHDO Operating (Subject to 5% cap)                                                         $     31,230

HOME Admin (Subject to 10% cap)                                                           $     62,460

HOME Program Funds Available                                                                 $   437,224

TOTAL HOME FUNDS                                                                                             $   624,605 

PROJECTED TOTAL CDBG/HOME FUNDS AVAILABLE                                               $1,778,562