Explanation
Background: This legislation authorizes the Auditor’s Office to adjust the Department of Development, Division of Housing’s 2018 Community Development Block Grant (CDBG) budget through adjusting appropriations, transferring funds within the department, and transferring funds between departments.
The City of Columbus is an entitlement city and receives Community Development Block Grant funds directly from the U.S. Department of Housing and Urban Development.
When the department prepares its annual operating budget (including the CDBG budget), the budget is based upon a projected amount that the City may receive the following year. The city’s annual budget begins January 1 of each year, but the final CDBG grant amount is not known until May or later of each year. The actual grant amount received in May could be greater or less than the budgeted amount. In 2018, the CDBG grant amount was greater than the amount budgeted. These additional funds result in a change in the distribution of funds within the grant, allowing for more administration costs to be funded from the grant. More administration funds within the grant results in adjusting the split funding for employees within the division.
This legislation will do the following:
· Reduce the budget and appropriation in Housing’s CDBG budget, object class 1, by $117,719.
· Transfer appropriation from the Department of Development Division of Economic Development’s CDBG budget, object class 1, to Housing’s CDBG Budget, object class 1, in the amount of $156,429.
· Transfer appropriation within Housing’s CDBG budget from object class 1 to object class 3 in the amount of $186,429.
· Transfer appropriation from Department of Finance and Management Office of Grants Management CDBG budget, object class 1, to Housing’s CDBG Budget, object class 1, in the amount of $30,000.
Emergency action is necessary to make these adjustments and provide appropriate funding for personnel based upon the grant amount rec...
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