Fiscal Note
The revised amounts are proposed adjustments to the CDBG Adopted 2007 operating budget to reflect both the actual Federal funding award amounts disclosed in March, 2007, and technical corrections. The proposed award amounts will result in increases of 8.95% as compared to actual 2006 awards, and 3.6% increases as compared with the 2006 budgeted amounts, with some exceptions for the Vera Court and Porchlight/Hospitality House Program. Both Vera Court and Porchlight will receive increases in funding derived from City sources. However, the portion of Vera Court's funding that is derived from private sources will remain the same in 2007 as that awarded in 2006. For the Porchlight programs, which derive their funding from City funds and Federal ESG funds, the City share of the funding will increase, but the portion derived from ESG funding will not. No additional City funds are required to implement these changes.
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SUBSTITUTE - Amending the operating budget to reflect technical corrections and Federal funding level changes to the CDBG Office 'projects' budgets for 2007.
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BACKGROUND:
The development of the final adopted City budget for the CDBG community and neighborhood development program involved some calculations based on prior year authorizations and an estimate of Federal funds that were not approved by Congress nor announced to the City until March 12, 2007. Using the known Federal funding levels and recalculating the budget figures for some of the neighborhood centers and homeless services projects to meet the intent of the Mayor and the Council, the CD Office has established revised figures for the following projects for the 2007 contract year.
ACTIONS:
WHEREAS, the Community Development Block Grant Program, as amended, and its implementing regulations located at 24 CFR 570.200 ff., permit the City of Madison to help community agencies which benefit low and moderate income persons; and
WHEREAS, the CD staff and Mayor's sta...
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