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Agenda 06/24/2008 Item #16D14 Agenda Item No. 16014 June 24, 2008 Page 1 of 3 EXECUTIVE SUMMARY Recommendation to approve budget amendments recognizing the Fiscal Year 2008-09 U.S. Department of Housing and Urban Development (HUD) entitlement funding, and State Housing Initiatives Partnership Program (SHIP) allocations. OBJECTIVE: To recognize the FY 2008-09 U.S. Department of Housing and Urban Development (HUD) entitlement funding, and State Housing Initiatives Partnership Program (SHIP) allocations. CONSIDERATION: The Housing and Human Services Department's HUD entitlement grants are funded, disbursed and monitored on a program year beginning July l5t through June 30th. The State's SHIP program also follows the same July I st through June 30th fiscal year. Coordinating these two major funding sources allows Housing and Human Services to maximize federal and state funding during the program year. The Board of County Commissioners has approved the Housing and Human Services expenditure plans in the HUD One-Year Action Plan for FY 2008-2009 on April 22, 2008 item lOA, which outlined priorities for the expenditure of $3,089,415 in HUD entitlement funds. The Board has also approved the Local Housing Assistance Plan (LHAP) on September 11, 2007, item l6D10 which prioritizes the County's SHIP expenditures. The State's SHIP program has allocated $2,956,458 to the County for affordable housing development. FISCAL IMPACT: These budget amendments will establish program budgets for four (4) HUD entitlement programs and the State SHIP program. Both programs operate simultaneously from July 1,2008 through June 30, 2009. The total FY 2008 budget for the four (4) HUD entitlement programs is $3,089,415. The State SHIP allocation is $2,956,458, and revenue income is projected to be $258,632.68. The Housing and Human Services budget is as follows: Federal (HUD): Community Development Block Grant (CDBG) Home Investment Partnership Act (HOME) American Dream Downpayrnent Initiative (ADDI) Emergency Shelter Grant (ESG) Sub-Total HUD: $ 2,324,214,00 $ 664,383.00 $ 5,621.00 $ 95,197.00 $ 3,089,415.00 State: State Housing Initiative Partnership (SHIP) Program Revenues (SHIP) Sub-Total SHIP: $ 2,956,458.00 $ 258,632.68 $ 3,215,090.68 GRAND TOTAL $6,304,505.68 - GROWTH MANAGEMENT IMPACT: Approval of these budget amendments will fund the Housing and Human Services Department and facilitate efforts to meet the goals, objectives and policies set forth in the Housing Element of the Growth Management Plan. Agenda Item No. 16014 June 24, 2008 Page 2 of 3 RECOMMENDATION: That the Board of County Commissioners approve the attached HUD and SHIP Budget Amendments for July 1,2008 through June 30, 2009. Prepared by: Terri Daniels, Accounting Supervisor, Housing and Human Services Page I of I Agenda Item No. 16D14 June 24, 2008 Page 3 of 3 COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS Meeting Date: 16014 Recommendation to approve budget amendments recognizing the Fiscal Year 2008-09 U.S Department of Housing and Urban Development (HUD) entitlement funding. and State Housing Initiatives Partnership Program (SHIP) allocations 61241200890000 AM Item Number: Item Summary: Prepared By Terri A. DanieJs Grants Coordinator Date Public Services Housing & Human Services 6/6/200810:00:17 AM Approved By Marcy Krumbine Director Date Public Services Housing & Human Services 6/6/20085:22 PM Approved By Marla Ramsey Public Services Administrator Date Public Services Public Services Admin. 6/10/20085:09 PM Approved By OMS Coordinator OMS Coordinator Date County Manager's Office Office of Management & Budget 6/12/20083:09 PM Approved By Sherry Pryor Management & Budget Analyst Date County Manager's Office Office of Management & Budget 6/16/2008 12:55 PM Approved By James V. Mudd County Manager Date Board of County Commissioners County Manager's Office 6/17/20088:20 PM file:l/C:\AgendaTest\Export\ II 0-June%2024,%202008\ 16.%20CONSENT%20AGENDA \ 1... 6/18/2008