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HomeMy WebLinkAbout326-22 RESOLUTION113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 Resolution: 326-22 File Number: 2022-232 COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM INCOME AND DONATIONS: A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE TOTAL AMOUNT OF $29,969.00 REPRESENTING COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM INCOME AND DONATIONS FROM CITIZENS AND LOCAL BUSINESSES, AND ALLOCATING USE FUND BALANCE 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 $29,969.00 recognizing Community Development Block Grant Program Income, donations made from citizens and local businesses, to allocate use fund balance funds and appropriating the funds to assist as follows: Housing Contract Services $20,404.00 Community Outreach Services $9,565.00 PASSED and APPROVED on December 20, 2022 Approved: Attest: �<<t;,; r►�r Kara Paxton, City CIA Treas r rf�c f � "N t l�4 Lp" . ' Page 1 City of Fayetteville, Arkansas 113 West Mountain Street Fayetteville, AR 72701 p (479)575-8323 Text File File Number: 2022-1142 Agenda Date: 12/20/2022 Version: 1 Status: Passed In Control: City Council Meeting Agenda Number: A.32 File Type: Resolution COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM INCOME AND DONATIONS: A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE TOTAL AMOUNT OF $29,969.00 REPRESENTING COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM INCOME AND DONATIONS FROM CITIZENS AND LOCAL BUSINESSES, AND ALLOCATING USE FUND BALANCE 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 $29,969.00 recognizing Community Development Block Grant Program Income and donations made from citizens and local businesses, and allocating Use Fund Balance funds. City of Fayetteville, Arkansas Page 1 Printed on 1212112022 Yolanda Fields Submitted By City of Fayetteville Staff Review Form 2022-1142 Legistar File ID 12/20/2022 City Council Meeting Date - Agenda Item Only N/A for Non -Agenda Item 11/30/2022 COMMUNITY RESOURCES (642) Submitted Date Division / Department Action Recommendation: Staff recommends approval of a budget adjustment. The budget adjustment is to recognize and budget CDBG Program Income totaling $20,404, donations to Ranger's Pantry / AniMeals / Senior Giving Tree / Hearth Program / Help a Neighbor in the amount of $2,579 and to allocate Use Fund Balance funds in the amount of $6,986. Budget Impact: See Below CDBG-2180 Account Number Fund See Below NA Project Number Budgeted Item? No Does item have a cost? No Budget Adjustment Attached? Yes Current Budget Funds Obligated Current Balance Item Cost Budget Adjustment Remaining Budget Project Title $ 29,969.00 $ 29,969.00 V20210527 Purchase Order Number: Previous Ordinance or Resolution # Change Order Number: Original Contract Number: Comments: 2180.642.4940-5315.00 $20,404 2180.642.4945-5390.01 32003.1 $9,565 Approval Date: CITY OF FAYETTEVILLE ARKANSAS MEETING OF DECEMBER 20, 2022 TO: Mayor and City Council CITY COUNCIL MEMO THRU: Susan Norton, Chief of Staff FROM: Yolanda Fields, Community Resources Director/ Equity Offi DATE: November 30, 2022 SUBJECT: Approval of a Budget Adjustment for the Community Resources Department RECOMMENDATION: Staff recommends approval of a budget adjustment. The budget adjustment is to recognize and budget CDBG Program Income totaling $20,404, donations to Ranger's Pantry / AniMeals / Senior Giving Tree / Hearth Program / Help a Neighbor in the amount of $2,579 and to allocate Use Fund Balance funds in the amount of $6,986. BACKGROUND: Community Resources would like to recognize program income from two lien payoffs. Community Resources would also like to recognize donations from citizens and local businesses. DISCUSSION: The Program Income (PI) being recognized consists of housing rehabilitation lien payoffs for two properties; 1235 S West Ave and 1628 N Broadview Dr. The total PI being recognized is $20,404. The donations being recognized total $2,579. The Use Fund Balance fund adjustment will allocate $6,986. BUDGET/STAFF IMPACT: Increase Housing Contract Services by $20,404 Increase Community Outreach Projects by $9,565 Attachments: Budget Adjustment Mailing Address: 113 W. Mountain Street www.fayetteville-ar.gov Fayetteville, AR 72701 City of Fayetteville, Arkansas - Budget Adjustment (Agenda) Budget Year Division Adjustment Number /Org2 COMMUNITY RESOURCES (642) 2022 Requestor: Yolanda Fields BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION: Staff recommends approval of a budget adjustment to recognize and budget CDBG Program Income totaling $20,404 and donations to Ranger's Pantry / AniMeals / Senior Giving Tree / Hearth Program / Help a Neighbor in the amount of $2,579. In addition, staff recommends approval of a budget adjustment to allocate Use Fund Balance Prior funds from prior year donations in the amount of $6,986. RESOLUTION/ORDINANCE COUNCIL DATE: 12/20/2022 ITEM ID#: 2022-1142 Kevin Springer 721712022 q: q4 Pln Budget Division Date TYPE: D - (City Council) JOURNAL #: GLDATE: CHKD/POSTED: TOTAL Account Number 29,969 29,969 Increase / (Decrease) Expense Revenue Proiect.Sub# Project Sub.Detl AT v.20221115 Account Name 2180.642.4945-4910.00 - 20,404 RE CDBG Program Income 2180.642.4945-4809.00 2180.642.4940-5315.00 - 20,404 2,579 - 32003 1 RE EX Donations Contract Services 2180.642.4945-5390.01 2180.642.4930-4999.99 2,579 - - 6,986 32003 1 EX RE CDBG Projects - Community Outreach Prc Use Fund Balance - Current 2180.642.4945-5390.01 6,986 - 32003 1 EX CDBG Projects - Community Outreach Prc H:\Budget Adjustments\2022_Budget\CITY COUNCIL\12-20-22\2022-1142 BA CDBG Program Income Donations.xlsx 1 of 1