Title
Support to authorize and direct the Auditor-Controller to amend the Fiscal Year (FY) 2023-24 Adopted Budget for the Housing and Community Development Department (HCD), Community Development Grant, Fund 013, Unit 8546, Appropriation Unit HCD005 to increase appropriations by $367,912, financed by unassigned fund balance ($122,911) and Community Development Block Grant (CDBG) funds ($245,000) from prior years.
Report
RECOMMENDATION:
It is recommended that the Budget Committee support to authorize and direct the Auditor-Controller to amend the Fiscal Year (FY) 2023-24 Adopted Budget for the Housing and Community Development Department (HCD), Community Development Grant, Fund 013, Unit 8546, Appropriation Unit HCD005 to increase appropriations by $367,912, financed by unassigned fund balance ($122,911) and Community Development Block Grant (CDBG) funds ($245,000) from prior years.
SUMMARY:
The Community Development Grant (CDBG) program ("Program") is a Federal Program that provides funding to local governments for financing a range of public services, facilities, and infrastructure improvements. The County qualifies for the Program as an "Urban County" by partnering with Cities within the County to meet population and demographic requirements for the Program. The County oversees the Program and adopts a five-year Consolidated Plan that contains objectives and goals that guide the allocation of funds to services, facilities, and improvements that meet those goals and objectives. Annually, the County allocates funding in the Annual Action Plan (AAP) to programs and projects that meet the objectives of the Consolidated Plan. The AAP will have funds allocated to projects that may not be completed in the FY the plan is created. Therefore, there are times that projects are not budgeted in the FY the plan is created, which currently totals $170,000. In prior fiscal years, some of the funds allocated went unused and were returned to the Urban County to be reallocated ...
Click here for full text