Agenda 03/08/2016 Item #16D 8 3/8/2016 16.D.8.
EXECUTIVE SUMMARY
Recommendation to approve a budget amendment recognizing $20,819.26 in revenue received
under the HOME Investment Partnership Program.
OBJECTIVE: To accurately account for program income and recaptured funds generated from HOME
related activities or matching contributions.
CONSIDERATIONS: Collier County is the recipient of HOME Investment Partnerships (HOME)
Program funds from the United States Department of Housing and Urban Development (HUD) as
provided by the Cranston-Gonzalez National Affordable Housing Act. HOME funds may be used to
provide incentives to develop and support affordable rental housing and homeownership affordability.
Revenue is generated by the program through recaptured funds. The origin of these funds is a
combination of loan repayments and down payment assistance. Recaptured funds will be used in
compliance with federal grant regulations and will fund eligible expenses, including administration.
Furthermore, approval of this item will authorize the reallocation of funds within the program
commitment items to accurately reflect ongoing program expenses as shown below.
Revenue received:
Type_of Revenue._ .`.. Amount 10%Adman - P.rogram A"
Recapture $20,819.26 $0 $20,819.26
Total $20,819.26 $0 $20,819.26
Recaptured funds are treated like program income except no administration allocation is allowed. The
recaptured amount of$20,819.26 will be applied towards program activities.
FISCAL IMPACT: A budget amendment is necessary to recognize recaptured funds in the amount of
$20,819.26 within Urban Improvement Grants Fund(121), Project 44555. Such funds may be reused for
other eligible HOME activities.
LEGAL CONSIDERATIONS: This item is approved as to form and legality and requires majority vote
for approval. -JAB
GROWTH MANAGEMENT IMPACT: Reinvestment of HOME revenue will further the Goals,
Objectives, and Policies within the Housing Element of the Growth Management Plan.
RECOMMENDATION: That the Board of County Commissioners approves a budget amendment
recognizing$20,819.26 in revenue under the HOME program.
Prepared by: Jody Paley, Grants Coordinator, Community and Human Services Division
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3/8/2016 16.D.8.
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.16.D.16.D.8.
Item Summary: Recommendation to approve a budget amendment recognizing
$20,819.26 in revenue received under the HOME Investment Partnership Program.
Meeting Date: 3/8/2016
Prepared By
Name: PaleyJody
Title: Grants Coordinator,Community&Human Services
2/10/2016 10:59:52 AM
Submitted by
Title: Grants Coordinator,Community&Human Services
Name: PaleyJody
2/10/2016 10:59:54 AM
Approved By
Name: LopezMaggie
Title: Accountant, Senior,Community&Human Services
Date: 2/10/2016 11:24:05 AM
Name: TownsendAmanda
Title: Division Director-Operations Support, Public Services Department
Date: 2/11/2016 2:12:24 PM
Name: KushiEdmond
Title: Accountant, Community&Human Services
Date: 2/17/2016 10:44:09 AM
Name: GrantKimberley
Title: Division Director-Cmnty&Human Svc, Community&Human Services
Date: 2/17/2016 10:54:08 AM
Name: AlonsoHailey
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3/8/2016 16.D.8.
Title: Operations Analyst,Public Services Department
Date: 2/18/2016 4:08:17 PM
Name: SonntagKristi
Title: Manager-Federal/State Grants Operation, Community&Human Services
Date: 2/22/2016 1:00:20 PM
Name: RobinsonErica
Title: Accountant, Senior,Grants Management Office
Date: 2/22/2016 1:21:17 PM
Name: BelpedioJennifer
Title:Assistant County Attorney, CAO General Services
Date: 2/22/2016 4:35:22 PM
Name: CarnellSteve
Title: Department Head-Public Services,Public Services Department
Date: 2/23/2016 8:14:26 AM
Name: KlatzkowJeff
Title: County Attorney,
Date: 2/24/2016 10:30:42 AM
Name: StanleyTherese
Title: Manager-Grants Compliance, Grants Management Office
Date: 2/26/2016 1:51:51 PM
Name: CasalanguidaNick
Title: Deputy County Manager, County Managers Office
Date: 2/28/2016 4:34:54 PM
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