Fiscal Impact
A fiscal note shows the financial impact of a given legislative action.
2020 Community Development Block Grant Supplemental Funding (CDBG-CV) funding recommendations - Fiscal Note
Yes
Community Planning & Economic Development
01400-8900000
Yes
March 16, 2020 - September 30, 2022
No
CDBG/UDAG
Formula entitlement grant, no ongoing commitment or operating impacts.
Supplemental HUD CDBG-CV COVID-19 funding provided to the City’s 2020 CDBG grants. These grant funds are receipted and appropriated to the 01400 fund.
BUDGET IMPACT
List of revenues and expenditures related to this request
| Request Financing | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue Sources | |||||
| CDBG-CV | $1,972,950 | ||||
| Total Revenues | $1,972,950 | $0 | $0 | $0 | $0 |
| Expenditures | |||||
| CDBG-CV | $1,972,950 | $1,972,950 | |||
| Total Expenditures | $1,972,950 | $1,972,950 | $0 | $0 | $0 |
| Net Budgetary Impact (Revenue-Exp.) | $0 | $-1,972,950 | $0 | $0 | $0 |
Not Applicable
Not Applicable