Agenda

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Consent-General Government # 12.

Board of Supervisors

County Administrator

Meeting Date:	05/31/2016
Brief Title: CDBG Budget Adjustment
From:	Mindi Nunes, Assistant County Administrator, CAO
Staff Contact:	Diana Pavlova, Accountant, County Administrator's Office, x8075

Subject

Adopt budget resolution increasing the County Administrator's 2015-16 budget in the amount of $462,248 in support of housing special revenue funds not included in the original budget. (No general fund impact) (4/5 vote required) (Nunes)

Recommended Action

Adopt budget resolution increasing the County Administrator's 2015-16 budget in the amount of $462,248 in support of housing special revenue funds not included in the original budget.

Strategic Plan Goal(s)

Operational Excellence
Thriving Residents

Reason for Recommended Action/Background

The County Administrator’s Office (CAO) receives funding through various Community Development Block Grant (CDBG) and Home Investment Partnership Program (HOME) special revenue accounts. The CDBG and HOME special revenue funds are part of the various programs that support Housing and Community Development improvements principally for persons of low and moderate income. Funds for these programs were not included in appropriations and estimated revenue for the CAO’s Budget for Fiscal Year 2015-16. In order to expend funds related to these programs, staff is requesting approval of the budgetary appropriations.

Special Revenue Funds derive from loan re-payments, which are approved for eligible low income residents for First Time Homebuyer Program down payments and Housing Rehabilitation Program funds (Health and Safety repairs and upgrades) for residential properties. These housing program funds were originally allocated through the State Department of Housing and Community Development in the form of written grant applications for CDBG and HOME funds dating back to 1987. Many are 30-year deferred loans however, others are shorter terms with affordable monthly payments. Recently, with housing loan interest rates being so low, residents have been refinancing and we've received lump sum payments.

Examples of CDBG and HOME fund projects which have been funded include: Madison Community Service District (CSD) for well study and water projects, Dunnigan Fire Protection District for a fire squad, Rumsey Improvement Association for the Town Hall restoration, Yolo Community Care Continuum for Safe Harbor, Yolo County Housing for Esparto Development and Mercy Housing for Esparto Multi-Family Housing.

All loan repayments and interest are considered Program Income by the State and must be used/expended before any open grant drawdowns may be requested. Approval of this budgetary authority will be partially expended this fiscal year and next for the Drought Assistance Programs, Westucky Project, Knights Landing Revitalization Study and the Esparto II Multi-Housing Construction Project.

Collaborations (including Board advisory groups and external partner agencies)

Yolo County Housing Authority, Department of Financial Services.

Fiscal Impact

Fiscal Impact (Expenditure)
Fiscal impact (see budgetary detail below)
Total cost of recommended action:		$ 462,248
Amount budgeted for expenditure:		$
Additional expenditure authority needed:		$ 462,248
One-time commitment	Yes

Source of Funds for this Expenditure

$462,248

Attachments
Att. A. Budget Resolution

Form Review

Inbox	Reviewed By	Date
Financial Services	dolander	05/25/2016 12:35 PM
County Counsel	Phil Pogledich	05/26/2016 11:16 AM
Form Started By: Sabrina Ledesma		Started On: 05/17/2016 10:00 AM
Final Approval Date: 05/26/2016