Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Santa Fe finance panel approves $3.07 million transfer to reconcile Affordable Housing Trust Fund
Summary
The Finance Committee approved a $3,070,059 budget amendment to align prior budgeted allocations with actual transfers into the Affordable Housing Trust Fund, creating budget authority to cover prior-year obligations and current award recommendations while staff warned projections from new excise-tax receipts remain uncertain.
The City of Santa Fe Finance Committee voted to approve a budget amendment resolution to transfer $3,070,059 from prior-year general fund balances into the Affordable Housing Trust Fund (AHTF), bringing the total transfers into the fund to $16,500,000 as previously described in prior budget books.
Finance Director Emily Oster told the committee that staff separated AHTF activity from a larger Community Development Fund this year and reconciled prior-year activity. "As we were reconciling the activity... the additional transfer of $3,070,059 into the fund is what would be needed," Oster said, explaining the change was necessary to align amounts shown in prior budget documents with what was actually transferred and recorded.
Nut graf: The amendment is bookkeeping and budget-authority corrective action intended…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
