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HomeMy WebLinkAbout123-16 RESOLUTIONtiAVj 7T n �Fs. •L 3�KANSFh 113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 Resolution: 123-16 File Number: 2016-0171 CDBG PROGRAM INCOME: A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE TOTAL AMOUNT OF $7,375.00 REPRESENTING CDBG PROGRAM INCOME RECEIVED FROM A HOUSING PROGRAM LIEN PAYOFF PLAN, ENERGY EFFICIENCY REBATES FROM SOURCEGAS AND DONATIONS FROM CITIZENS AND LOCAL BUSINESSES. 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 to this Resolution, in the total amount of $7,375.00 representing CDBG program income received from a housing program lien payoff plan in the amount of $3,500.00, energy efficiency rebates from SourceGas in the amount of $1,200.00, and donations from citizens and local businesses in the amount of $2,675.00. Section 2: That the City Council of the City of Fayetteville, Arkansas hereby expresses its sincere appreciation for the donations. tgxk PASSED and APPROVED on 6/21/2016 lee It -Vy 04 It ,' FAYE7TEVILLE * `� .� Attest: .,+•, kAh1SP.A•■ Sondra E. Smith, City Clerk Treasurer Page I Printed on 6/22/16 µ - City of Fayetteville, Arkansas 1 Text File File Number: 2016-0171 Agenda Date: 6/21/2016 Version: 1 In Control: City Council Meeting Agenda Number: A. 2 CDBG PROGRAM INCOME: 113 West Mountain Street Fayetteville, AR 72701 (479)575-8323 Status: Passed File Type: Resolution A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE TOTAL AMOUNT OF $7,375.00 REPRESENTING CDBG PROGRAM INCOME RECEIVED FROM A HOUSING PROGRAM LIEN PAYOFF PLAN, ENERGY EFFICIENCY REBATES FROM SOURCEGAS AND DONATIONS FROM CITIZENS AND LOCAL BUSINESSES 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 to this Resolution, in the total amount of $7,375.00 representing CDBG program income received from a housing program lien payoff plan in the amount of $3,500.00, energy efficiency rebates from SourceGas in the amount of $1,200.00, and donations from citizens and local businesses in the amount of $2,675.00 Section 2: That the City Council of the City of Fayetteville, Arkansas hereby expresses its sincere appreciation for the donations. City of Fayetteville, Arkansas Page 1 Printed on 6/22/2016 Yolanda Fields Submitted By City of Fayetteville Staff Review Form 2016-0171 Legistar File ID 6/21/2 16 City Council Meeting Date - Agenda Item Only N/A for Non -Agenda Item 6/3/2016 Community Resources / Development Services Department Submitted Date Division / Department Action Recommendation: Approval of a Budget Adjustment recognizing outreach donations in the amount of $2675 and CDBG program income totalling $4700 Previous Ordinance or Resolution # Original Contract Number: Comments: 2180.4945.5390.01 32003.1 $2675 2180.4940.5315.00 $4700 Approval Date: V20140710 Budget Impact: See Below 2180 - CDBG Account Number Fund See Below Project Number Project Title Budgeted Item? NA Current Budget $ - Funds Obligated $ - Current Balance j Does item have a cost? No Item Cost Budget Adjustment Attached? Yes Budget Adjustment $ 7,375.00 Remaining Budget Previous Ordinance or Resolution # Original Contract Number: Comments: 2180.4945.5390.01 32003.1 $2675 2180.4940.5315.00 $4700 Approval Date: V20140710 CITY OF Fay —Ile ARKANSAS MEETING OF JUNE 21, 2016 TO: Mayor and City Council CITY COUNCIL AGENDA MEMO THRU: Jeremy Pate, Development Services Director FROM: Yolanda Fields, Community Resources Director DATE: June 3, 2016 SUBJECT: Approval of Budget Adjustment for the Community Resources Division RECOMMENDATION: Staff recommends approval of a budget adjustment to recognize and budget donations and CDBG program income received. BACKGROUND: Community Resources would like to recognize program income from a lien payoff plan and energy efficiency rebates from SourceGas, as well as donations from citizens and local businesses. DISCUSSION: In July 2015, an agreement was reached with the owners of 1747 N. Oakland Ave. to pay the CDBG program $11,737.58 in installments due to the terms of the lien being violated. The payments started in July 2015, and payments from Jul — Oct have already been recognized. Now, payments from Nov 2015 — May 2016 need to be recognized. In addition, two $600 rebates from SourceGas were received from work done at 3295 Old Farmington Rd. and 433 Washington Ave. The total PI being recognized is $4,700. In December 2015, donations from several holiday campaigns were received totaling $2,149. In 2016, so far, there has been $526.16 in donations received. All donations received total $2,675. BUDGET/STAFF IMPACT: Increase Housing Contract Services by $4,700 Increase Community Outreach Projects by $2,675 Attachments: Budget Adjustment Mailing Address: 113 W. Mountain Street www.fayetteville-ar.gov Fayetteville, AR 72701 City of Fayetteville, Arkansas - Budget Adjustment Form (Legistar) Budget Year Division: Community Resources Adjustment Number 2016 Dept.: Development Services Requestor: Cherrell Lee BUDGET ADJUSTMENT DESCRIPTION /JUSTIFICATION: Approval of a Budget Adjustment recognizing donations in the amount of $526 (FY 2016) and $2149 (FY 2015) and CDBG program income totalling $4,700 ($1600 from FY 2015 / $3100 from FY 2016). RESOLUTION/ORDINANCE COUNCIL DATE: LEGISTAR FILE ID#: 2016-0171 K,eA7WL,SPrty -ear 5/27/2016 3:35 PM 6/21/2016 Budget Director TYPE: DESCRIPTION: GLDATE: POSTED: Date TOTAL 7,375 7,375 v.20160125 Increase / (Decrease) Project.Sub# Account Number Expense Revenue Project Sub AT Account Name 2180.0918.4809.00 - 526 32003 1 RE Donations 2180.4945.5390.01 2,675 - 32003 1 EX Community Outreach Projs 2180.0918.4999.97 - 3,749 RE Use of Prior Fund Balance 2180.0918.4910.00 - 3,100 RE CDBG Program Income 2180.4940.5315.00 4,100 - EX Contract Services C:\Users\Ismiih\AppDato\Roaming\L5\Temp\12473107-2d80-45fe-b094-57c29570bd31 1 of 1