TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Russell Bunim, Community Development Director
1. SUBJECT
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Revise the adopted budget for the Fiscal Year 2025-2026 Community Development Block Grant and HOME Investment Partnerships Program from the Department of Housing and Urban Development and appropriate to respective expenditure accounts for each program.
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2. SUMMARY
Revise the adopted budget for the Fiscal Year 2025-2026 Community Development Block Grant in the amount of $1,010,888 and HOME Investment Partnerships Program in the amount of $338,366.50 to reflect the final amounts allocated by the Department of Housing and Urban Development and appropriate the funds to the designated expenditure accounts for each program.
3. RECOMMENDED ACTION
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1. Reduce the City's adopted Fiscal Year 2025-2026 revenue budget for the Community Development Block Grant funds by 23,556, to a revised budget of $1,010,888.
2. Reduce the City's adopted Fiscal Year 2025-2026 revenue budget for the HOME Investment Partnerships Program funds by $93,864.50, to a revised budget of $338,366.50.
3. Reduce adopted budget for 2025-2026 ADA Ramps Project (CIP 266003) by $2,277.
4. Reduce adopted budget for 2025-2026 CDBG Street Improvements (CIP 255086) by $83,774.
5. Appropriate an additional $346,135 in Community Development Block Grant funds to the following expenditure accounts:
a. $53,747 in salaries and benefits
b. $183,625 in contract services
c. $90,463 in other professional and contract services
d. $1,500 in publicity and advertising
e. $800 in dues and memberships
f. $10,000 in software capitalization
g. $6,000 in travel and conferences
6. Appropriate an additional $319,177.50 in HOME Investment Partnerships funds to the following expenditure accounts:
a. $3,000 in other professional/technical services
b. $2,000 in contract services
c. $2,880 to software capitalization
d. $800 in dues and mem...
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