Fiscal Impact
A fiscal note shows the financial impact of a given legislative action.
Amendment to U.S. Department of Housing and Urban Development (HUD) 2020 Consolidated Plan Action Plan for Additional COVID-19 Community Development Block Grant (CDBG-CV) Supplemental Funding - Fiscal Note
No
Finance & Property Services
01400
Yes
March 16, 2020 - September 30, 2022
N/A
01400
Formula entitlement grant, no ongoing commitment or operating impacts
Supplemental time-limited HUD CDBG-CV Round 3 COVID-19 funding in the amount of $2,918,060 for CDBG eligible purposes to prevent, prepare for and respond to the COVID-19 pandemic provided to the City’s 2020 CDBG grant. These supplemental grant funds will be receipted and appropriated to the 01400 fund.
BUDGET IMPACT
List of revenues and expenditures related to this request
| Request Financing | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue Sources | |||||
| CDBG-CV 3 | $2,918,060 | ||||
| Total Revenues | $2,918,060 | $0 | $0 | $0 | $0 |
| Expenditures | |||||
| CDBG-CV 3 -Homelessness Response Public Health Services | $300,000 | ||||
| CDBG-CV 3 -Homelessness Response Coordination | $200,000 | ||||
| CDBG-CV 3-Emergency Housing Assistance for Low Income Renters and Homeowners | $1,668,060 | ||||
| CDBG-CV 3-Food Security Emergency Response | $500,000 | ||||
| CDBG-CV 3 -Housing Assistance Navigators | $250,000 | ||||
| Total Expenditures | $2,918,060 | $0 | $0 | $0 | $0 |
| Net Budgetary Impact (Revenue-Exp.) | $0 | $0 | $0 | $0 | $0 |
Not Applicable
Not Applicable