HomeMy WebLinkAbout202-13 RESOLUTIONRESOLUTION NO.202-13
A RESOLUTION APPROVING A BUDGET ADJUSTMENT IN THE TOTAL
AMOUNT OF $5,103.00 REPRESENTING CDBG PROGRAM INCOME
RECEIVED THROUGH A HOUSING PROGRAM LIEN PAYOFF
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves a
budget adjustment, a copy of which is attached as Exhibit "A", in the total amount of $5,103.00
representing CDBG program income received through a housing program lien payoff.
PASSED and APPROVED this 1st day of October, 2013.
APPROVED:
IZ
ATTEST:
By:
SONDRA E. SMITH, City Clerk/Treasurer
City of Fayetteville, Arkansas
Budget Adjustment Form
Budget Year Division: Community Services I Request Date
2013 1
Department: Development Services
9/3/2013
V12.0724
Adjustment Number
BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION
Increase Housing Contract Services by $5,103 to recognize CDBG Program Income from lien payoff.
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Prepared By: Thomas R. Stewart II
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Reference:
Budget & Research Use Only
Budget Direct Date
ItIl
Type: A B C D
E P
Depa nt Director Date
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9^ kO-2-013
General Ledger Date
Finance irector Date
Posted to General Ledger
Initial
Date
Chi f Wff Date
'
4 /
Checked / Verified
Initial
Date
ay to
TOTAL BUDGET ADJUSTMENT 5,103 5,103
Increase / (Decrease)
Project.Sub
Account Name
Account Number Expense Revenue
Number
Contract services
2180.4940.5315.00 3 5,103 -
,
CDBG program income
2180.0918.4910.00 zF - 5,103
EXHIBIT
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City of Fayetteville Staff Review Form
City Council Agenda Items
and
Contracts, Leases or Agreements
10/1 /2013
City Council Meeting Date
Agenda Items Only
Yolanda Field Community Services Development Services
Submitted By Division Department
Faction Kequirea:
iroval of Budget Adjustment recognizing CDBG program income received from a Housing Program Lien payoff in
amount of $5,103.
Cost of this request Category / Project Budget
2180.4940.5315.00 $
Account Number
Project Number
Budgeted Item
Finance and Internal Services Director
Funds Used to Date
Remaining Balance
Budget Adjustment Attached �X
01.0s.?r[3
Date
1--9-1�-
Date
Date
/0 -13
Date
Comments: Staff recommends approval of the Budget Adjustment.
Program Category / Project Name
Program / Project Category Name
Fund Name
Previous Ordinance or Resolution #
Original Contract Date:
Original Contract Number:
;P -
Received in pity - `
Clerk's Office
Received in���
Mayor's Office �{
Revised January 15, 2009
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CITY COUNCIL AGENDA MEMO
To: City Council ��QQ
Thru: Jeremy Pate, Dir. Development Services(I
From: Yolanda Fields, Dir. Community Se c
Date: 09/03/2013
THE CITY OF FAYETTEVILLE, ARKANSAS
DEPARTMENT CORRESPONDENCE
Subject: Approval of Budget Adjustment for the Community Services Division
PROPOSAL:
The Community Development Block Grant Housing Program assists qualified low -moderate income
homeowners in Fayetteville to be able to remain in their homes by providing home rehabilitation such as siding,
roofing, doors, windows, electrical and plumbing upgrades. A forgivable lien is placed on rehabilitated homes
that reflects the cost of the project. If the home is sold before the forgivable lien period expires, the balance of
the lien must be repaid to the CDBG program as Program Income.
RECOMMENDATION:
Staff recommends approval of a budget adjustment to budget the CDBG Program Income.
BUDGET IMPACT:
Increase the Contract Services account for the CDBG Housing Program by $5,103 as listed in the budget
adjustment. The Housing Contract Services account is used to pay for housing rehabilitation for qualified low -
moderate income homeowners in Fayetteville.
RESOLUTION NO.
A RESOLUTION APPROVING A BUDGET ADJUSTMENT IN THE TOTAL
AMOUNT OF $5,103.00 REPRESENTING CDBG PROGRAM INCOME
RECEIVED THROUGH A HOUSING PROGRAM LIEN PAYOFF
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City, of Fayetteville, Arkansas hereby approves a
budget adjustment, a copy of which is attached as Exhibit "A", in the total amount of $5,103.00
representing CDBG program income received through a housing program lien payoff.
PASSED and APPROVED this I" day of October, 2013.
APPROVED:
LIONELD JORDAN, Mayor
ATTEST:
IC
SONDRA E. SMITH, City Clerk/Treasurer