Agenda

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County Administrator's Report 12. 9.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	04/09/2015
Issue: Supplemental Budget Amendment #105 - HUD HOME Grant
From:	Stephan Hall
Department:	OMB
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Supplemental Budget Amendment #105 - Stephan Hall, Management and Budget Services Interim Department Director

That the Board adopt the Resolution approving Supplemental Budget Amendment #105, HUD HOME Fund (147), in the amount of $26,058, to recognize City of Pensacola HUD HOME Program Income earned in Fiscal Year 2014, and to appropriate these funds into the correct Cost Center for use in furthering HUD HOME eligible affordable housing activities.

BACKGROUND:

The City of Pensacola’s HUD HOME Program has generated program income as a result of periodic repayments received from eligible homeowners that were provided Substantial Housing Rehabilitation assistance. As provided in the HUD HOME Program Regulations at 24 CFR Part 92, program income is to be utilized by the local government to provide additional affordable housing assistance while keeping in compliance with eligible HOME activity requirements. This supplemental budget amendment recognizes available HUD HOME program income in Fund 147, and provides budget authority to expend program income.

BUDGETARY IMPACT:

This amendment will increase Fund 147 by $26,058.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

Board policy requires increases and decreases in revenues to be approved by the Board.

IMPLEMENTATION/COORDINATION:

N/A

Attachments
SBA# 105