To: Dale K. Weighill, Community & Economic Development Committee Chairperson
From: Derek Bradshaw, Director
title
RE: Recapture of Unspent CDBG Funds
recommendation
BOARD ACTION REQUESTED:
The Allocation Committee is recommending approval of the fund transfer requests as described below.
BACKGROUND:
The following transfers are for projects that were either completed and closed out with a balance remaining or were cancelled by the local unit of government.
DISCUSSION:
IMPACT ON HUMAN RESOURCES:
N/A
IMPACT ON BUDGET:
This uses CDBG grant funding, no impact to general fund.
IMPACT ON FACILITIES:
N/A
IMPACT ON TECHNOLOGY:
N/A
CONFORMITY TO COUNTY PRIORITIES:
To meet Genesee County’s priority of healthy, livable, and safe communities, Community Development Block Grant Funds can be used for a wide range of projects that improve safety, livability, and accessibility, particularly for low-to-moderate income households. Recaptured funds will be reallocated to other projects which may include housing repairs, public facility improvements, and public services.
resolution
TO THE HONORABLE CHAIRPERSON AND MEMBERS OF THE GENESEE COUNTY BOARD OF COMMISSIONERS, GENESEE COUNTY, MICHIGAN
LADIES AND GENTLEMEN:
BE IT RESOLVED, by this Board of County Commissioners of Genesee County, Michigan, that the request by the Director of Planning to authorize Community Development Program budget line item transfers, as needed to align the budget and to close out projects that are now complete or cancelled, which will also be closed out with HUD and the County internal system, with said transfers being fully detailed in the memorandum request and resulting in a $24,400.06 decrease in accounts 2340-704.16-899.000 and 2340-704.16-504.000, a $7,196.63 decrease in accounts 2340-704.17-899.000 and 2340-704.17-504.000 and an $31,596.69 increase in accounts 2340-704.03-899.000 and 2340-704.03-504.000, is approved (a copy of the memorandum and supporting documentation being on file with the official records of the November 8, 2023, meeting of the Community and Economic Development Committee of this Board), and the Chief Financial Officer is directed to record the attached budget amendment.