2nd Correction-OHCS Budget: An Initial Look Shows General Fund Down to Less than 1% of Budget; Fed Share Up to 29%.

2nd Correction: Found and corrected another "05-07" reference to read "07-09"
Correction: Corrected reference in FTE comparision to "07-09" from erroneous "05-07". 
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I have prepared three tables in a one page analysis of the proposed FY 2011-13 budget for OHCS HERE. 

Some observations:

1. General Funds will make up less than 1% of the OHCS budget; general funds are down 51.2% from 07-09 actuals, and 7.6% from the last legislatively approved budget. General Funds will TOTAL $9.5 million in the upcoming budget. (Keep that figure in mind for a future post).
   
2. Federal funds will increase from 19% of the legislatively approved budget in 09-11 to 29% of the budget in 11-13; federal funds will total $307 million in coming biennium, but will decrease by 21% from $387 million in the 09-11 biennium budget.
3. FTE will increase to 168, an increase of 13% from most recent legislatively approved budget, and up 23% from 07-09 actual costs.  (No doubt this reflects Hardest Hit staff costs).
4. Total funds at $1.053 Billion are down 33% from 05-07 actual costs, and down 49% from 09-11 legislatively approved budget. (This is likely because of drop in bond sales, reflected in the "other funds, unlimited" category).

Feel free to add YOUR observations as comments to this post. 

Originally created and posted on the Oregon Housing Blog.