CITY OF TEXARKANA, AR

REQUEST FOR BOARD ACTION

 

AGENDA TITLE:  Adopt a Resolution amending the FY2017 Budget (Resolution No. 2016-74) to make adjustments to the 2017 Community Development Block Grant (CDBG) budget allocation. (PWD)

AGENDA DATE:  07/05/2017

ITEM#:  8B

DEPARTMENT:  Public Works Department

 

DATE SUBMITTED:  06/14/2017

 

PREPARED BY:  Tracie Lee, Assistant Director of Public Works

 

SUBJECT:  2017 CDBG Allocation Adjustment

 

EXHIBITS: Resolution, 2017 Approved Budget, 2017 Budget-Amended, Reallocation Spreadsheet, HUD Allocation Spreadsheet and Resolution No. 2016-74 (Passed and Approved November 21, 2016 approving the 2017 budget)

 

APPROVAL:

 

EXPENSE REQUIRED $389,193.00

 

AMOUNT BUDGETED: $240,405.00

 

APPROPRIATION REQUIRED:  $148,788.00

 

SUMMARY:

 

The planning figures for the 2017 CDBG Budget must be adjusted from $240,405 to $389,193.  This new amount includes our 2017 Entitlement of $234,427 plus $154,766 of prior years’ Entitlement that is being reallocated.  The original budget was our best guess at how much might be funded using past allocations.  Please note the budget recommendations are the same projects with the exception for the adjustment in the amount of funding within each category except grant administration which relatively stayed the same.  The changes to the amended budget are as follows,

 

Grant Administration: Approved Amount $46,101, Amended Amount $46,101 line item was not decreased; 

Public Facilities Improvements: Approved Amount $77,066, Amended Amount $187,175 line item increased by $110,109;

Public Service: Approved Amount $5,000, Amended Amount $22,508 line item increased by $17,508;

Clearing and Housing Demolition: Approved Amount $30,238, Amended Amount 41,353 line item increased by $11,115;

Housing (Roof Repairs): Approved Amount $82,000, Amended Amount $92,056 line item increased by $10,056.

 

**Grantees must submit their action plans and amended budget to HUD by August 16, or they will lose their FY17 CDBG funding.  Staff will need time to update the action plan and submit budget to HUD once amended budget has been approved in order to meet this deadline.**

BOARD ACTION:  The City Manager and staff recommend board approval.

 

EMERGENCY CLAUSE:  This is a resolution therefore no emergency clause is needed.

 




 

 

RESOLUTION NO. _____

WHEREAS, the FY2017 Budget for the City of Texarkana, Arkansas, was approved and adopted by Resolution No. 2016-74; and

WHEREAS, it is necessary to amend the FY2017 Budget to make adjustments to the 2017 Community Development Block Grant (CDBG) budget allocation.  The changes to the amended budget are as follows:

Public Facilities Improvements:  Original Budget Amount $77,066.00, Amended           Amount $187,175.00;

Public Service:  Original Budget Amount $5,000.00, Amended Amount $22,508.00;       

Clearing and Housing Demolition:  Original Budget Amount $30,238.00, Amended Amount $41,353.00;

Housing (Roof Repairs)Original Budget Amount $82,000.00, Amended Amount $92,056.00;

WHEREAS, it is further necessary to appropriate and reallocate $154,766.00 of the prior year’s Entitlement such that the new CDBG budget is $389,193.00; and

WHEREAS, the City Manager and staff recommend approval;

NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the City of Texarkana, Arkansas, that the FY2017 Budget is amended as set forth above.  

PASSED AND APPROVED this 5th day of July, 2017.

 

 

_____________________________

Ruth Penney Bell, Mayor

ATTEST:

 

_______________________________

Heather Soyars, City Clerk

 

APPROVED:

 

________________________________

George Matteson, City Attorney