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1 HA Number:CA093 <br />2 HA Name: <br />CY 2023 Renewal Funding <br />3 CY 2023 HCV Renewal Funding after Offset and Amounts Owed HUD $45,630,128 <br />CY 2023 Non-Renewal Funding <br />4 CY 2023 Non-Renewal Funding (TPVs, VASH, etc.) to Date $767,778 <br />5 CY 2023 Estimated RAD 1 Funding For First Full Year After Conversion $0 <br />6 CY 2022 Proration Increase $189,021 <br />7 Total CY 2023 HCV Renewal and Non-Renewal Funding $46,586,927 <br />ELIGIBILITY <br />8 Total Unit Months Leased per VMS - CY 2022 32,972 <br />9 Total Unit Months Available - CY 2022 36,489 <br />10 Capping Percentage 100% <br />11 Total CY 2022 HAP Expenses per VMS $42,392,321 <br />12 Total CY 2022 Capped HAP Expenses (Line 11 x Line 10)$42,392,321 <br />13 Renewal Funding Inflation Factor 1.07505 <br />14 Inflated Eligibility Sub-Total (Line 12 x Line 13)$45,573,865 <br />15 First Time Renewals - Appendix II $56,263 <br />16 Transfers In or Out $0 <br />17 Total DHAP Eligibility $0 <br />18 Total Renewal Eligibility (Line 14 + Line 15 + Line 16 + Line 17)$45,630,128 <br />19 Proration Factor 100% <br />20 Prorated Eligibility (Line 18 x Line 19)$45,630,128 <br />FUNDING <br />21 Total CY 2023 Renewal Funding after Offset $45,630,128 <br />22 Renewal Funding Obligations, January through May 2023 $20,158,105 <br />23 Remaining to Obligate for CY 2023 prior to reduction for funds due HUD (Line 21 - Line 22)$25,472,023 <br />24 Reduction for Funds due HUD $0 <br />25 Remaining to Obligate for CY 2023 after reduction for funds due HUD (Line 23 - Line 24)$25,472,023 <br />26 Total Eligibility Through May 2023 $19,012,553 <br />27 Additional Obligations Due Through May, 2023 (Line 26 - Line 22, if Line 26 is higher; else 0)$0 <br />28 Excess Obligations Through May, 2023 (Line 22 - Line 26, if Line 22 is higher; else 0)$1,145,552 <br />29 CY 2023 Inflated Per Unit Cost $1,368.15 <br /> This value is calculated as total inflated VMS Expenses, minus HAP Costs After the First <br /> of the Month, divided by total Unit Months Leased. <br />30 Comments <br />Enclosure A <br />Calculation of Calendar Year 2023 Renewal Funding <br />Housing Choice Voucher Program <br />CITY OF SANTA ANA HSG AUTH <br />EXHIBIT 1 <br />  <br />  <br />City Council 10 – 5 6/4/2024