Explanation
BACKGROUND: The City of Columbus maintains a cash balance for program income received through activities related to the Neighborhood Stabilization Program 1 and Neighborhood Stabilization Program 3 (NSP 1 and NSP 3) grant programs. The City intends to close out both the NSP 1 and NSP 3 grants with the U.S. Department of Housing and Urban Development (HUD) and transfer the remaining program income balance to the Community Development Block Grant (CDBG) program to fund CDBG Administration costs including costs associated with the Department of Finance and Management, Grants Management Section staff expenses. This ordinance is needed to authorize the appropriation and transfer of NSP 1 and NSP 3 Program Income to the 2024 CDBG fund and authorize the appropriation of $674,894.40 from the 2024 CDBG fund for the administration of HUD’s Annual Allocation grant programs in 2026.
The Department of Finance and Management, Grants Management Section, is responsible for the administration of HUD’s Annual Allocation grant programs and for performing the required transactions in the Disaster Recovery Grant Reporting (DRGR) system and the Integrated Disbursement and Information System (IDIS) to properly account for the transfer of program income between the Neighborhood Stabilization Program funds and the Community Development Block Grant program income. The available CDBG program income funds will be available for immediate use in IDIS upon HUD approval. The Grants Management Section will report the transferred program income within the available resources in the 2024 Annual Action Plan’s “2024 Grants Management Admin - CDBG” activity for the City’s administration of HUD’s Annual Allocation grant programs in 2026.
FISCAL IMPACT: This ordinance authorizes the appropriation and transfer of existing cash assets from the NSP 1 ($543,636.93) and NSP 3 ($7,257.27) grants (Fund 2220) to the City’s 2024 CDBG program (Fund 2248) and authorizes the appropriation and expend...
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