Fiscal Note
The proposed resolution authorizes transferring $73,984 from assigned General Fund balance into the Community Development Block Grant (CDBG) fund and amending the 2025 Adopted Budget for the Sustainability Improvements capital program (Munis #10563) to appropriate a total of $499,017 in CDBG funds for the Efficiency Navigator Program contracted through Sustain Dane, Inc. The resolution further authorizes the execution of an amendment to the contract with Sustain Dane, Inc. for the administration of the Efficiency Navigator Program.
Between 2009 and 2013, the City was awarded formula grants through the U.S. Department of Energy's Energy Efficiency and Conservation Block Grant (EECBG) Program. These funds were appropriated within the CDBG fund and originally administered by the Community Development Division. EECBG funds are now being administered by the Sustainability program team within the Mayor's Office. Funds were originally utilized for loans that facilitated energy improvements. As the loans have been repaid, the principal on the loan was deposited into the CDBG fund. The principal repayments total $425,033. In completing the reporting requirements for loans that had been dispersed utilizing EECBG, it was discovered that the interest had been deposited into the General Fund rather than the CDBG fund. The interest totals $73,984. This resolution authorizes the transfer of the interest amount from the General Fund into the CDBG fund. Combined with the principal repayment amount, the funds will be repurposed for the Efficiency Navigator Program and will be added to the 2025 Adopted Sustainability Capital Improvement program budget.
Title
Amending the 2025 Adopted Sustainability Improvements Capital Fund Budget and authorizing the Mayor and City Clerk to amend the contract Sustain Dane, Inc. for Administering the Efficiency Navigator Program 2024-2026.
Body
WHEREAS, the City of Madison was awarded formula grant funding from the U.S. Department of Energy's (DOE) Energy Efficiency and Conservation Block Grant (EECBG) Program in 2009-2013 into the CDBG Fund Budget; and,
WHEREAS, $499,017 of this funding remains available to support building energy efficiency retrofits; and,
WHEREAS, $73,984 of this total is in assigned general fund balance and needs to be transferred to the CDBG Fund; and,
WHEREAS, the Efficiency Navigator Program provides energy efficiency and other upgrades to small- and medium-sized multifamily affordable housing that save energy, reduce greenhouse gas emissions, and lower utility bills for residents; and,
WHEREAS, the City has contracted with Sustain Dane to administer the Efficiency Navigator program since 2021;
NOW, THEREFORE, BE IT RESOLVED, that the Common Council authorizes the Mayor and City Clerk to amend the contract with Sustain Dane, Inc. for administering the Efficiency Navigator program to add $499,017.
BE IT FURTHER RESOLVED that the $73,984 can be transferred from assigned general fund balance to the CDBG fund.
BE IT FURTHER RESOLVED that the 2025 Adopted Sustainability Improvements Capital Fund Budget is amended to appropriate $499,017 within the CDBG fund.
BE IT FURTHER RESOLVED that the Mayor and Clerk are hereby authorized to execute associated agreements or related transactions with DOE.