2020 Emergency Solutions Grant Supplemental Funding (ESG-CV) Rapid Rehousing funding recommendations- Fiscal Note

2020 Emergency Solutions Grant Supplemental Funding (ESG-CV) Rapid Rehousing funding recommendations - Fiscal Note

Is this request included in the current year budget?

Proposed Funding Source

Community Planning & Economic Development

Fund:

01400-8900000

Is this request supported in any way by grant funds?

Yes

Grant Period

Mar 1, 2020 - Sep 30, 2022

Required matching funds

Fund

01400

Describe City's ongoing commitment and/or operating impact when grant expires:

None

Assumptions:

The City budget expenditures related to this request were not part of the annual budgeting process and are supported by received grant funding. The action recommended in this RCA is to allocate previous appropriated ESG-CV Funding to contracts with four rapid re-housing providers.

BUDGET IMPACT

List of revenues and expenditures related to this request

Request Financing	2021	2022	2023	2024	2025
Revenue Sources
Emergency Solutions Grant CV	$2,405,566
Total Revenues	$2,405,566	$0	$0	$0	$0
Expenditures
Rapid Rehousing Contracts	$2,405,566
Total Expenditures	$2,405,566	$0	$0	$0	$0
Net Budgetary Impact (Revenue-Exp.)	$0	$0	$0	$0	$0

Does your request have personnel impact?

Not Applicable

Does your request have IT impact?

Not Applicable

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Fiscal Impact