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Home My WebLink About175-18 RESOLUTION113 West Mountain Street Fayetteville, AR 72701 (479)575-8323 Resolution: 175-18 File Number: 2018-0406 COMMUNITY RESOURCES DIVISION DONATIONS: A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE TOTAL AMOUNT OF $16,546.00 REPRESENTING DONATIONS TO THE COMMUNITY RESOURCES DIVISION AND COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM INCOME RECEIVED FROM A HOUSING LIEN PAYOFF, AND TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF $7,553.00 TO ALLOCATE USE FUND BALANCE PRIOR FUNDS 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 $16,546.00 representing donations to the Community Resources Division and Community Development Block Grant Program income received from housing lien payoffs. Section 2: 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 amount of $7,553.00 to allocate use fund balance prior funds. PASSED and APPROVED on 8/21/2018 Page 1 Attest: V RESCi►'�i Sondra E. Smith, City Clerk Treast.�`�{,4;• 0 CF � •'p�c"��.- V • Ca •'p PrinG�►►►� `}��rj,��ti� City of Fayetteville, Arkansas 113 West Mountain Street Fayetteville. AR 72701 J (479) 575-8323 Text File File Number: 2018-0406 Agenda Date: 8/21/2018 Version: 1 Status: Passed In Control: City Council Meeting File Type: Resolution Agenda Number: A. 2 COMMUNITY RESOURCES DIVISION DONATIONS: A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE TOTAL AMOUNT OF $16,546.00 REPRESENTING DONATIONS TO THE COMMUNITY RESOURCES DIVISION AND COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM INCOME RECEIVED FROM A HOUSING LIEN PAYOFF, AND TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF $7,553.00 TO ALLOCATE USE FUND BALANCE PRIOR FUNDS 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 $16,546.00 representing donations to the Community Resources Division and Community Development Block Grant Program income received from housing lien payoffs. Section 2: 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 amount of $7,553.00 to allocate use fund balance prior funds. City of Fayetteville, Arkansas Page 1 Printed on 8/22/2018 Yolanda Fields Submitted By City of Fayetteville Staff Review Form 2018-0406 Legistar File ID 8/21/2018 City Council Meeting Date - Agenda Item Only N/A for Non -Agenda Item 7/31/2018 COMMUNITY RESOURCES (642) Submitted Date Division / Department Action Recommendation: Staff recommends approval of a budget adjustment to recognize and budget CDBG program income totaling $13,177 and donations to Ranger's Pantry/Senior Giving Tree in the amount of $3,369 and approval of a second budget adjustment to allocate Use Fund Balance Prior funds in the amount of $7,553. Budget Impact: See Below 2180 - CDBG 32003.1 $3,369.00 Account Number $13,177.00 Fund See Below $1,291.00 NA 32003.1 $6,262.00 Project Number Project Title Budgeted Item? NA Current Budget $ Funds Obligated $ - Current Balance Does item have a cost? No Item Cost Budget Adjustment Attached? Yes Budget Adjustment $ 24,099.00 Remaining Budget 24,099.00 V20180321 Purchase Order Number: Previous Ordinance or Resolution # Change Order Number: Approval Date: Original Contract Number: Comments: BA #1 2180.642.4945-5390.01 32003.1 $3,369.00 2180.642.4940-5315.00 $13,177.00 BA #2 2180.642.4945-5315.00 $1,291.00 2180.642.4945-5390.01 32003.1 $6,262.00 CITY OF FAYETTEVILLE ARKANSAS MEETING OF AUGUST 21, 2018 CITY COUNCIL MEMO TO: Mayor and City Council THRU: Don Marr, Chief of Staff FROM: Yolanda Fields, Community Resources Dir4 DATE: July 31, 2018 SUBJECT: Approval of a Budget Adjustment for the Community Resources Division RECOMMENDATION: Staff recommends approval of two budgc.,t adjustments. One is to recognize and budget CDBG program income totaling $13,177 and donations to Ranger's Pantry/Senior Giving Tree in the amount of $3,369. A second budget adjustment is required to allocate Use Fund Balance Prior funds In the amount of $7,553. BACKGROUND: Community Resources would like to recognize program income from three lien payoffs and the sale of CDBG purchased equipment. Community Resources would also like to recognize donations from citizens and local businesses. Finally, Community Resources would like to allocate Use Fund Balance prior funds. DISCUSSION: The program income being recognized consists of rehabilitation lien payments totaling $11,667 for three properties; 1933 Yates, 515 Redbud Ln, and 521 S Church and $1,510 from the sale of CDBG-purchased equipment (Ice machine, PA system, and roll -in freezer). The total Pl being recognized is $13,177. The donations being recognized total $3,369. The Use Fund Balance Prior fund adjustment will allocate $7,553. BUDGET/STAFF IMPACT: BA #1 Increase Housing Contract Services by $13,177. Increase Community Outreach Projects by $3,369. BA #2 Increase Redevelopment Contract Services by $1,291. Increase Community Outreach Projects $6,262. Attachments: Budget Adjustments Mailing Address: 113 W. Mountain Street www.fayettevilIe-ar.gov Fayetteville, AR 72701 City of Fayetteville, Arkansas - Budget Adjustment Form (Legistar) Budget Year Division Adjustment Number /Org2 COMMUNITY RESOURCES (642) 2018 Requestor: Yolanda Fields BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION: Approval of a budget adjustment to allocate Use Funds Balance Prior funds. RESOLUTION/ORDINANCE COUNCIL DATE: 8/21/2018 LEGISTAR FILE ID#: 2018-0406 LinkHutc, w+w 8/6/2018 10:08 AM Budget Director Date TYPE: DESCRIPTION: GLDATE: POSTED: TOTAL 7,553 7,553 v.20180417 Increase / (Decrease) Project.Sub# Account Number Expense Revenue Project Sub AT Account Name 2180.642.4930-4999.97 --- - 7,553 RE Use Fund Balance - Prior 2180.642.4945-5315.00 1,291 - EX Contract Services - 2180.642.4945-5390.01 6,262 - 32003 1 EX CDBG Projects - Community Outreach Prc H:\Budget\Budget Adjustments\2018_Budget\CITY_COUNCIL\2018-08-21 \2018-0406 BA Use Fund Balance Prior - CR 1 of 1 City of Fayetteville, Arkansas - Budget Adjustment Form (Legistar) Budget Year Division Adjustment Number /Org2 COMMUNITY RESOURCES (642) 2018 Requestor: Yolanda Fields BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION: Approval of a budget adjustment to formally recognize donations in the amount of $3,369 ($247 from FY 2017 / $3,122 from FY 2018) and CDBG Program Income in the amount of $13,177 ($8,770 from FY 2017 / $4,407 from FY 2018). RESOLUTION/ORDINANCE COUNCIL DATE: LEGISTAR FILE ID#: 8/21/2018 2018-0406 L lnk H utcY e,v 8/6/2018 10:10 AM Budget Director TYPE: DESCRIPTION: GLDATE: POSTED: TOTAL 16,546 16,546 Increase / (Decrease) Pro),ect.Sub# Account Number Expense Revenue Project Sub 2180.642.4930-4999.99 ... .... ....--. - 8,770 2180.642.4945-4910.00 4,407 2180.642.4940-5315.00 13,177 - 2180.642.4930-4999.99 247 2180.642.4945-4809.00 - 3,122 2180.642.4945-5390.01 3,369 - 32003 1 Date v.20180417 AT Account Name RE Use Fund Balance - Current RE CDBG Program Income - CDBG Program Ii EX Contract Services - : RE Use Fund Balance - Current RE Donations - Donations EX CDBG Projects - Community Outreach Pr( H:\Budget\Budget Adjustments\2018_Budget\CITY_COUNCIL\2018-08-21 \2018-0406 BA Donations -Program Income - CR 1 of 1