CC - Item 4D - Community Development Block Grant Budget Reallocation A
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TO: HONORABLE MAYOR
AND MEMBERS
ROSEMEAD CITY COUNCIL
FROM: FRANK G. TRIPEPI, CITY MANAGER
.,94:
DATE: JUNE 3, 1997
RE: COMMUNITY DEVELOPMENT BLOCK GRANT BUDGET
REALLOCATION
On May 14, 1996,the Rosemead City Council approved the CDBG budget for Fiscal Year 1996-
1997. That budget was based on the following anticipated resources:
Carry-over $1,041,818
Program Income $30,400
1996-1997 Grant $1,585,000
TOTAL ANTICIPATED INCOME $2,657,218
Because the budget was based on anticipated figures,the City now needs to reallocate resources
based on actual expenditures during the last fiscal year in order to balance accounts with the .
City's federal letter of credit and to maximize use of resources.
COUNCIL AGENDA
JUN 101997
ITEM No. . "--7-b
CDBG REALLOCATION, 2
For your review and approval is the attached proposed budget reallocation for FY 1996-1997. In
the attached Tables, staff has shown the actual resources available and the proposed reallocation
of resources. The actual resources available for FY 1996-1997 are as follows:
Carry-over $834,581
Program Income $21,474
1996-1997 Grant $1,585,000
TOTAL AVAILABLE $2,441,055
As you can see,program income was very close to projected income. However,the City
expended more of its CDBG grant in FY 1995-1996 than anticipated.
The major changes proposed to the 1996-1997 budget are as follows:
► Funding to complete COPS Code Enforcement for balance of program year: $58,900
► Reduction in funding for Abilene Street which came in under budget: <$10,000>
► Funding to complete Street Resurfacing as approved by Council: $30,000
► Reduction in funding for Valley Blvd. to match project carry-over for 97-98: <$25,000>
► Reduction in funding for Lorica for project carry-over for 97-98: <$30,000>
► Reduction in funding for ADA Compliance for project cancellation in 97-98: <$130,000>
► Funding to complete curb cuts for accessibility (H. Ramp Access): $10,000
► Reduction in funding for Commercial Rehabilitation to match current level of
expenditure: <$100,000>
► Reduction in funding for Senior Nutrition to reflect actual needs: <$12,250>
► Reduction in funding for Contingency funds: <$7,813>
This is the City's third year as an entitlement City and the third time the City has reallocated
funds to ensure it remains balanced to its federal letter of credit. This is done every year, after
the approval of the City's annual audit and before the close of the fiscal year.
The following attachments are included: Funding Sources, FY 1996-1997 CDBG Budget
Reallocation.
RECOMMENDATION
Staff recommends that the City Council approve the City's proposed CDBG budget reallocation,
as outlined in the attachment, FY 1996-1997 CDBG Budget Reallocation.
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FUNDING SOURCES
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Carry-over $834,581
Program Income $21,474
96-97 Grant $1,585,000
TOTAL $2,441,055
FY 1996-1997 CDBG BUDGET REALLOCATION
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64'4''' `.1101 �+,dAl!, ,- -. .�^4 .bt.'c.,x °s# � x:.�la Prw"a.; ..x3n,..err`nisi'*.d -: 1�xs .�-�..w.,. x.sa ,m ",''".. ..',.� a,Fw.`4 ��'.
Administration 168,000 168,000 0
Code Enforcement 100,250 100,250 0
COPS 73,100 132,000 58,900
Security Bars 20,000 20,000 0
R. Rehabilitation 290,300 290,300 0
R. Inspections 84,000 84,000 0
Abilene Street 150,000 140,000 <10,000>
450,000
St. Resurfacing 480,000 30,000
350,000
Valley Blvd. 325,000 <25,000>
Lorica Street 250,000 220,000 <30,000>
ADA Compliance 130,000 0 <130,000>
H. Access 77,000 87,000 10,000
Corn. Rehabilitation 225,000 125,000 <100,000>
Fair Housing 20,000 20,000 0
PSA's 250,455 238,205 <12,250>
Blight Removal 10,000 10,000 0
Contingency 9,113 1,300 <7,813>
TOTAL 2,657,218 2,441,055 <216,163>