STRATEGIC PRIORITY: Government Performance & Financial Management
AGENDA DATE: February 26, 2025
COUNCIL DISTRICT(S): N/A
DEPARTMENT: Budget and Management Services
EXECUTIVE: Jack Ireland
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SUBJECT
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(1) A public hearing to receive comments on the adoption of Reprogramming Budget No. 1 (Substantial Amendment No. 1) to the FY 2024-25 Action Plan to use unspent Community Development Block Grant (CDBG) in the amount of $1,335,555.00 on repairs and renovations at public facilities; and (2) at the close of the public hearing, authorize final adoption of Reprogramming Budget No. 1 (Substantial Amendment No. 1) to the FY 2024-25 Action Plan - Financing: This action has no cost consideration to the City (see Fiscal Information)
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BACKGROUND
On August 18, 1993, the City Council authorized establishing specific timeframes for the obligation and expenditure of Community Development Block Grant (CDBG) Funds. Funds are to be obligated within 12 months and expended within 24 months of budget adoption by Resolution No. 93-3001.
On March 28, 2007, the City Council authorized to enhance the City's existing expenditure policy with additional benchmarks by Resolution No. 07-0992. Additional time to obligate and expend funds may be granted by City Council.
Timely expenditure of CDBG Funds by entitlement cities continues to be a primary concern of the U.S. Department of Housing and Urban Development (HUD). HUD requires that cities expend CDBG Funds so that, at least 60 days prior to the start of a new program year, the unexpended balance of CDBG Funds should be less than 1.5 times the cities' CDBG allocation amount for the current year.
For fiscal year (FY) 2024-25, a review of the projects based on the timely expenditure policy (including the benchmarks), identified unspent CDBG Funds remaining in 13 projects recommended for extension for a total of $3,634,013 and unspent funds remaining in 10 pro...
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