Explanation
Background: This legislation authorizes the transfer of appropriation within the HOME Match Fund (Fund 2201, Project G458004) from Object Class 5 to Object Class 1; the intra-fund transfer of funds from Department 45 to Department 44 within the HOME Match Fund (Fund 2201, Project G458004); and the appropriation of additional HOME Match funds (Fund 2201, Project G458004) for Department of Development personnel expenses in 2018 and 2019.
Ordinance 0902-2014 approved the appropriation and expenditure of $664,727.19 in Object Class 5 (ACPR000192). These funds have not been utilized for service contracts since the ordinance passed, so the department wishes to use the funds for personnel expenses (Object Class 1) in 2018 and 2019.
Financial document BRE139952 encumbered $150,353 for the Department of Finance and Management (Department 45). These funds are no longer needed by the Department of Finance and Management.
Additionally, there is $280,310.85 of unappropriated cash available in the HOME Match Fund that the department wishes to use for personnel expenses.
Emergency action is requested to fund personnel expenses in the fourth quarter of 2018 and in 2019.
Fiscal Impact: This legislation appropriates $280,310.85 from the unappropriated balance of the HOME Match Fund (Fund 2201, Project G458004) for the 2018 and 2019 budget year. The available cash balance of this fund is $280,310.85.
Title
To authorize the transfer of appropriation from Object Class 5 to Object Class 1, in the amount of $664,727.19 within the HOME Match Fund; to authorize the intra-fund transfer of funds from the Department of Finance and Management to the Department of Development in the amount of $150,353.00; to authorize the appropriation of $280,310.85 from the unappropriated balance; and to declare an emergency. ($280,310.85)
Body
WHEREAS, Ordinance 0902-2014 approved the appropriation and expenditure of $664,727.19 in Object Class 5, but the Department of Developme...
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