Community Development Block Grant Fund

Source: PDF pp. 1072-1073 ↗ · raw: 1072 · 1073

Breadcrumb: Fund Summaries > Community & Economic Development. > Community Development Block Grant Fund

City of Portland Fiscal Year 2026-27 Proposed Budget Community & Economic Development> Community Development Block Grant Fund Community Development Block Grant Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $14,895,432 $7,234,315 $13,980,357 $11,192,719 Bureau Expense $12,800,417 $6,023,748 $13,173,814 $10,377,931 Fund Expense $801,723 $791,499 $806,543 $814,788 Contingency $0 $0 $0 $0 Debt Service $801,723 $791,499 $806,543 $814,788 Unappropriated $1,293,292 $419,068 $0 $0 Ending Fund Balance $1,293,292 $419,068 $0 $0 Revenue $14,962,408 $7,234,315 $13,980,357 $11,192,719 External Revenues $14,543,340 $3,535,869 $13,980,357 $11,192,719 Charges for Services $10,691 $2,734 $0 $0 Intergovernmental $13,591,040 $2,272,635 $12,610,806 $10,265,233 Miscellaneous $941,610 $1,260,501 $1,369,551 $927,486 Internal Revenues $419,068 $3,698,446 $0 $0 Beginning Fund $419,068 $3,698,446 $0 $0 Balance Fund Overview The Community Development Block Grant (CDBG) Fund accounts for the City’s CDBG entitlement from the United States Department of Housing and Urban Development (HUD), loan repayments, lien payments, revenue generated from CDBG-funded activities, carryover funds from prior years, private leveraged resources, and interest and repayments for float activities. The CDBG Fund is an annual entitlement grant fund that is reimbursed by the federal government for actual expenditures less any program income received. The fund generally has only a small ending balance because requests for reimbursement cannot exceed expenditures less program income. Activity is booked directly to this fund and includes loan personnel services, loan disbursements, subrecipient contract payments, and indirect costs, as well as loan receivables and repayment program income. Entitlement appropriations remaining at the end of the fiscal year are carried over in the Fall Supplemental Budget Process of the following fiscal year. The supplemental budget includes obligated carryover, appropriation for projects that have been authorized and budgeted in the prior year, and carryover appropriation for expanded projects or new requests. Managing Agency Portland Housing Bureau 1072

City of Portland Fiscal Year 2026-27 Proposed Budget Significant Changes from Prior Year There are no changes from prior year. 1073

Parent: Community & Economic Development. · PDF: pp. 1072-1073 ↗