File #: 16-401    Version: 1 Name:
Type: Report Action Item Status: Passed
File created: 3/15/2016 In control: Finance Committee
On agenda: 3/22/2016 Final action: 4/6/2016
Title: Request to approve the following 2015 Budget adjustments: Community Development Block Grant (CDBG) Fund Federal Grants +$65,445 Block Grant Payments +$65,445 to record additional CDBG funds awarded in 2015 and related expenditures. Continuum of Care (CoC) Grant Fund State Grants +$23,475 Grant Payments +$23,475 to record additional CoC funds awarded in 2015 and related expenditures. Emergency Shelter Grant (ESG) Fund State Grants +$44,182 Grant Payments +$44,182 to record additional ESG funds awarded in 2015 and related expenditures. Room Tax Fund Room Taxes Received +$98,359 Fund Balance +$33,081 Room Tax Payments to FCCVB +$88,992 Transfer to General Fund +$42,448 to record additional room taxes received in 2015 and related payment to the FCCVB. Also record the transfer of fund balance accumulated from prior years (representing the City's 5% administrative fee) to t...
Attachments: 1. 2015 Final Budget Adjustments.pdf

Title

Request to approve the following 2015 Budget adjustments:

 

Community Development Block Grant (CDBG) Fund

Federal Grants                                                                                                                                                                                                                                         +$65,445

Block Grant Payments                                                                                                                                                                                               +$65,445

 

to record additional CDBG funds awarded in 2015 and related expenditures.

 

Continuum of Care (CoC) Grant Fund

State Grants                                                                                                                                                                                                                                                              +$23,475

Grant Payments                                                                                                                                                                                                                                         +$23,475

 

to record additional CoC funds awarded in 2015 and related expenditures.

 

Emergency Shelter Grant (ESG) Fund

State Grants                                                                                                                                                                                                                                                              +$44,182

Grant Payments                                                                                                                                                                                                                                         +$44,182

 

to record additional ESG funds awarded in 2015 and related expenditures.

 

Room Tax Fund

Room Taxes Received                                                                                                                                                                                               +$98,359

Fund Balance                                                                                                                                                                                                                                         +$33,081

Room Tax Payments to FCCVB                                                                                                                                +$88,992

Transfer to General Fund                                                                                                                                                                          +$42,448

 

to record additional room taxes received in 2015 and related payment to the FCCVB.  Also record the transfer of fund balance accumulated from prior years (representing the City's 5% administrative fee) to the general fund.

 

New Subdivision Fund

Reimbursement from Developer                                                                                                                              +$736,684

Street Construction                                                                                                                                                                                                                  +$715,158

Sidewalk Construction                                                                                                                                                                                               +$21,526

 

to record developer funded improvements in the Emerald Valley and Clearwater Creek subdivisions.

 

TIF #5 Fund

Fund Balance                                                                                                                                                                                                                                       +$442,471

Payments to Other Taxing Jurisdictions                                                                                    +$436,271

Audit Fees                                                                                                                                                                                                                                                            +    $6,200

 

to record final payments to the other taxing jurisdictions and audit fee related to the closeout of TIF #5.