Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Approving Amendments To The One Year Action Plan For Fiscal 2013-2014 To Reallocate $338,383.29 Of Unexpended Community Development Block Grant (CDBG) Program Funds And Appropriate Program Income And Fund Balance As Described In The Attached Exhibits "A" And "B"; To Reallocate $255,233.41 Of Fiscal Year 2013-2014 Unexpended Home Investment Partnership (HOME) Funds And Appropriate Program Income As Described In The Attached Exhibits "A" And "B"; And To Appropriate $90,664.69 Of Housing And Economic Recovery Act Of 2008 Neighborhood Stabilization Program (NSP-1) Program Income As Described In The Attached Exhibits "A" And "B".
Body
Staff Recommends: Approval of Resolution.
Explanation:
At the completion of each fiscal year, budgets from past CDBG program years are reviewed for program compliance. Unexpended funds and program income is reallocated to other eligible activities.
This resolution recognizes additional program income received from the CDBG, HOME, and NSP-1 programs and reallocates funds between budget line items to various eligible activities which are detailed in Exhibit "A" of the resolution.
It is recommended that after the public hearing the City Commission adopt the resolution approving the program amendments.
Recommended for inclusion on the agenda by:
Dr. Wazir Ishmael, City Manager
Gus Zambrano, Assistant City Manager for Sustainable Development
Davon Barbour, Director, Community and Economic Development