Agenda 08/27/2024 Item #16D 7 (Budget Amendment for the State Housing Initiatives Partnership Program Fiscal Year 2022-2023 & 2023-2024)08/27/2024
EXECUTIVE SUMMARY
Recommendation to authorize a Budget Amendment to recognize $738,509.08 ($487,472.58 from Overnight
and Investment Interest and $251,036.50 from program income generated from loan repayments) for the
State Housing Initiatives Partnership Program Fiscal Year 2022-2023 & 2023-2024. (SHIP Grant Fund 1053)
OBJECTIVE: To support the County’s strategic plan by providing comprehensive affordable housing
opportunities intended for low to moderate-income persons through the State Housing Initiatives Partnership
(SHIP) Program.
CONSIDERATIONS: On July 7, 1992, the Florida legislature enacted the William E. Sadowski Affordable
Housing Act to provide additional funding to local communities to promote and advance affordable housing
initiatives. Funds are generated through documentary stamp tax on real estate transactions. Under the SHIP
Program, Collier County and the City of Naples receive funds from the State of Florida through the Florida
Housing Finance Corporation to undertake eligible homeownership and rental-related activities.
Interest income in the amount of $487,472.58 was received from Overnight Interest and Investments Interest.
Program Income in the amount of $228,628.50 is from loan payoffs from homeowners who have sold, refinanced,
or transferred their property and $22,408 is from loans to not-for-profit agencies. Total program income is
$251,036.50 for SFY 23-24.
The proposed budget will be used to implement the approved SHIP strategies and appropriate five percent (5%) for
administrative support as identified in the 2022-2025 Local Housing Assistance Plan, approved on April 26, 2022,
Agenda Item #16.D.3 and as amended on July 23, 2024, Agenda Item #16.D.3.
SHIP
Program Year
Program
Income
Overnight
Interest
Investment
Interest
Total 5%
Administration
SFY 22-23 $98,079.90 $25,044.98 $123,124.88 $6,156.24
SFY 23-24 $251,036.50 $284,008.66 $80,339.04 $615,384.20 $30,769.21
Total $251,036.50 $382,088.56 $105,384.02 $738,509.08 $36,925.45
FISCAL IMPACT: The Budget Amendment recognizes $738,509.08 in interest and program income of which
five percent (5%) will be used as administrative funds. For FY22-23 the funds received from Overnight and
Investment Interest ($123,124.88) will be available in Ship Grant Fund (1053), Project 33807. For FY23-24 the
funds received from Overnight and Investment Interest ($364,347.70) will be available in Ship Grant Fund (1053),
Project 33863. For FY23-24 the funds received from Loan Repayments ($251,036.50) will be available in SHIP
Grant Fund (1053), Project 33863. The proposed action does not have an impact on the General Fund.
LEGAL CONSIDERATIONS: This item has been approved for form and legality and requires a majority vote for
Board approval. - CJS
GROWTH MANAGEMENT IMPACT: Acceptance of these funds will allow the County to expand affordable
housing opportunities for its citizens and further the goals of the Housing Element of the Collier County Growth
Management Plan.
RECOMMENDATION: To authorize a Budget Amendment to recognize $738,509.08 ($487,472.58 from
Overnight and Investment Interest and $251,036.50 from program income generated from loan repayments) for the
State Housing Initiatives Partnership Program Fiscal Year 2022-2023 & 2023-2024.
Prepared By: Dharam Paul Nohar, Accountant I, Community and Human Services Division
16.D.7
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08/27/2024
ATTACHMENT(S)
1. SAP Detail 33807 Interest Income (PDF)
2. SAP Detail 33863 Program Income (PDF)
16.D.7
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08/27/2024
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.D.7
Doc ID: 29567
Item Summary: Recommendation to authorize a Budget Amendment to recognize $738,509.08 ($487,472.58
from Overnight and Investment Interest and $251,036.50 from program income generated from loan repayments)
for the State Housing Initiatives Partnership Program Fiscal Year 2022 -2023 & 2023-2024. (SHIP Grant Fund
1053)
Meeting Date: 08/27/2024
Prepared by:
Title: – Community & Human Services
Name: Mark Kadlec
08/05/2024 1:36 PM
Submitted by:
Title: Manager - Federal/State Grants Operation – Community & Human Services
Name: Kristi Sonntag
08/05/2024 1:36 PM
Approved By:
Review:
Community & Human Services Darrick Gartley PSD Reviewer Completed 08/05/2024 3:03 PM
Community & Human Services Todd Henry CHS Review Skipped 08/07/2024 8:18 AM
Community & Human Services Donald Luciano PSD Reviewer Completed 08/07/2024 4:06 PM
Operations & Veteran Services Jeff Weir OVS Director Review Completed 08/07/2024 5:37 PM
Public Services Department Todd Henry Level 1 Department Review Completed 08/08/2024 11:37 AM
Grants Erica Robinson Level 2 Grants Review Completed 08/08/2024 3:12 PM
Corporate Compliance and Continuous Improvement Megan Gaillard Additional Reviewer Completed
08/13/2024 7:13 PM
County Attorney's Office Carly Sanseverino Level 2 Attorney Review Completed 08/15/2024 8:34 AM
Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 08/15/2024 8:46 AM
Office of Management and Budget Blanca Aquino Luque OMB Reviewer Completed 08/15/2024 9:33 AM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 08/15/2024 9:50 AM
Grants Therese Stanley OMB Reviewer Completed 08/15/2024 2:52 PM
Public Services Department Tanya Williams PSD Department Head Review Completed 08/15/2024 5:32 PM
County Manager's Office Ed Finn Level 4 County Manager Review Completed 08/21/2024 2:40 PM
Board of County Commissioners Geoffrey Willig Meeting Pending 08/27/2024 9:00 AM
16.D.7
Packet Pg. 1496
Fund WBS element Cost Element Cost element name Documen
t Type
Document Number Ref.
document
number
Name Document Header Text Posting Date Val/COArea Crcy
1053000000 33807.1 361170 OVERNIGHT INTEREST SA A0007DYR00 101300480 RECL 101251339 10/22 FIRST FOUNDATION BANK / SBA RECL SHIP INTEREST 7/1/2023 -4,091.83
1053000000 33807.1 361170 OVERNIGHT INTEREST SA A0007DYR00 101300480 RECL 101257120 11/22 FIRST FOUNDATION BANK / SBA RECL SHIP INTEREST 7/1/2023 -5,700.80
1053000000 33807.1 361170 OVERNIGHT INTEREST SA A0007DYR00 101300480 RECL 101261840 12/22 FIRST FOUNDATION BANK / SBA RECL SHIP INTEREST 7/1/2023 -9,211.43
1053000000 33807.1 361170 OVERNIGHT INTEREST SA A0007DYR00 101300480 RECL 101268717 01/23 FIRST FOUNDATION BANK / SBA RECL SHIP INTEREST 7/1/2023 -10,370.09
1053000000 33807.1 361170 OVERNIGHT INTEREST SA A0007DYR00 101300480 RECL 101272711 02/23 FIRST FOUNDATION BANK / SBA RECL SHIP INTEREST 7/1/2023 -11,565.60
1053000000 33807.1 361170 OVERNIGHT INTEREST SA A0007DYR00 101300480 RECL 101279280 03/23 FIRST FOUNDATION BANK / SBA RECL SHIP INTEREST 7/1/2023 -13,839.59
1053000000 33807.1 361170 OVERNIGHT INTEREST SA A0007DYR00 101300480 RECL 101288885 04/23 FIRST FOUNDATION BANK / SBA RECL SHIP INTEREST 7/1/2023 -13,289.52
1053000000 33807.1 361170 OVERNIGHT INTEREST SA A0007NVM00 101307411 05/23 First Foundation Bank / SBA / FLCLASS / FL P First Foundation Bank / S 5/31/2023 -14,875.49
1053000000 33807.1 361170 OVERNIGHT INTEREST SA A0007OMT00 101308354 06/23 First Foundation Bank / SBA / FLCLASS / FL P First Foundation Bank / S 6/30/2023 -15,135.55
33807.1 361170 -98,079.90
1053000000 33807.1 361180 INVESTMENT INTEREST SA A0007DYR00 101300480 RECL 101251343 10/31/22 CUSTODIAL INTEREST RECL SHIP INTEREST 7/1/2023 -1,894.85
1053000000 33807.1 361180 INVESTMENT INTEREST SA A0007DYR00 101300480 RECL 101257119 11/30/22 CUSTODIAL INTEREST RECL SHIP INTEREST 7/1/2023 -3,140.30
1053000000 33807.1 361180 INVESTMENT INTEREST SA A0007DYR00 101300480 RECL 101261826 12/31/22 CUSTODIAL INTEREST RECL SHIP INTEREST 7/1/2023 -3,311.52
1053000000 33807.1 361180 INVESTMENT INTEREST SA A0007DYR00 101300480 RECL 101268712 01/31/23 CUSTODIAL INTEREST RECL SHIP INTEREST 7/1/2023 -1,642.22
1053000000 33807.1 361180 INVESTMENT INTEREST SA A0007DYR00 101300480 RECL 101272710 02/28/23 CUSTODIAL INTEREST RECL SHIP INTEREST 7/1/2023 -1,032.70
1053000000 33807.1 361180 INVESTMENT INTEREST SA A0007DYR00 101300480 RECL 101279516 03/31/23 CUSTODIAL INTEREST RECL SHIP INTEREST 7/1/2023 -4,411.88
1053000000 33807.1 361180 INVESTMENT INTEREST SA A0007DYR00 101300480 RECL 101288886 04/30/23 CUSTODIAL INTEREST RECL SHIP INTEREST 7/1/2023 -2,122.64
1053000000 33807.1 361180 INVESTMENT INTEREST SA A0007NW900 101307420 05/31/23 Custodial Interest Custodial Interest 5/31/2023 -4,340.37
1053000000 33807.1 361180 INVESTMENT INTEREST SA A0007OMU00 101308355 06/30/23 Custodial Interest Custodial Interest 6/30/2023 -3,148.50
33807.1 361180 -25,044.98
TOTAL 33807 -123,124.88
Fund WBS element Cost Element Cost element name Documen
t Type
Document Number Ref.
document
number
Name Document Header Text Posting Date Val/COArea Crcy
16.D.7.c
Packet Pg. 1497 Attachment: SAP Detail 33807 Interest Income (29567 : SHIP Program and Interest Income)
Fund WBS element Cost Element Cost element name Document
Type
Document Number Ref.
document
number
Name Document Header Text Posting Date Val/COArea Crcy
1053000000 33863.1 361170 OVERNIGHT INTEREST SA A0007ORF00 101308405 07/23 First Foundation Bank / SBA / FLCLASS / FL P First Foundation Bank / S 7/31/2023 -15,546.68
1053000000 33863.1 361170 OVERNIGHT INTEREST SA A0007ORP00 101308410 08/23 First Foundation Bank / SBA / FLCLASS / FL P First Foundation Bank / S 8/31/2023 -15,103.01
1053000000 33863.1 361170 OVERNIGHT INTEREST SA A0007UZY00 101312086 BALANCE GRANTS BALANCE GRANTS (1053)9/30/2023 30,649.69
1053000000 33863.1 361170 OVERNIGHT INTEREST SA A0007V6J00 101312177 BALANCE GRANTS ACCREV 9/30/2023 -30,649.69
1053000000 33863.1 361170 OVERNIGHT INTEREST SA A0007Y2F00 101313845 09/23 First Foundation Bank / SBA / FLCLASS / FL P First Foundation Bank / S 9/30/2023 -15,457.38
1053000000 33863.1 361170 OVERNIGHT INTEREST SA A00088BI00 101320386 10/23 First Foundation Bank / SBA / FLCLASS / FL P First Foundation Bank / S 10/31/2023 -17,246.27
1053000000 33863.1 361170 OVERNIGHT INTEREST SA A0008HM500 101326181 11/23 First Foundation Bank / SBA / FLCLASS / FL P First Foundation Bank / S 11/30/2023 -20,932.86
1053000000 33863.1 361170 OVERNIGHT INTEREST SA A0008S5F00 101333156 12/23 First Foundation Bank / SBA / FLCLASS / FL P First Foundation Bank / S 12/31/2023 -24,295.53
1053000000 33863.1 361170 OVERNIGHT INTEREST SA A0008YND00 101336824 01/24 First Foundation Bank / SBA / FLCLASS / FL P First Foundation Bank / S 1/31/2024 -25,150.18
1053000000 33863.1 361170 OVERNIGHT INTEREST SA A0009GLJ00 101347545 02/24 First Foundation Bank / SBA / FLCLASS / FL P First Foundation Bank / S 2/29/2024 -28,965.12
1053000000 33863.1 361170 OVERNIGHT INTEREST SA A0009HSM00 101348106 03/24 First Foundation Bank / SBA / FLCLASS / FL P First Foundation Bank / S 3/31/2024 -31,848.56
1053000000 33863.1 361170 OVERNIGHT INTEREST SA A0009PLZ00 101352845 04/24 First Foundation Bank / SBA / FLCLASS / FL P First Foundation Bank / S 4/30/2024 -31,426.08
1053000000 33863.1 361170 OVERNIGHT INTEREST SA A0009ZFI00 101358845 05/24 First Foundation Bank / SBA / FLCLASS / FL P First Foundation Bank / S 5/30/2024 -30,346.41
1053000000 33863.1 361170 OVERNIGHT INTEREST SA A000A8XX00 101364948 06/24 First Foundation Bank / SBA / FLCLASS / FL P First Foundation Bank / S 6/30/2024 -27,690.58
33863.1 361170 -284,008.66
1053000000 33863.1 361180 INVESTMENT INTEREST SA A0007ORG00 101308406 07/31/23 Custodial Interest Custodial Interest 7/31/2023 -717.38
1053000000 33863.1 361180 INVESTMENT INTEREST SA A0007ORR00 101308411 08/31/23 Custodial Interest Custodial Interest 8/31/2023 -1,258.13
1053000000 33863.1 361180 INVESTMENT INTEREST SA A0007UZY00 101312086 BALANCE GRANTS BALANCE GRANTS (1053)9/30/2023 1,975.51
1053000000 33863.1 361180 INVESTMENT INTEREST SA A0007V6J00 101312177 BALANCE GRANTS ACCREV 9/30/2023 -1,975.51
1053000000 33863.1 361180 INVESTMENT INTEREST SA A0007Y4800 101313844 09/30/23 Custodial Interest Custodial Interest 9/30/2023 -5,219.03
1053000000 33863.1 361180 INVESTMENT INTEREST SA A00088BJ00 101320387 10/31/23 Custodial Interest Custodial Interest 10/31/2023 -5,265.54
1053000000 33863.1 361180 INVESTMENT INTEREST SA A0008HM700 101326233 11/30/23 Custodial Interest Custodial Interest 11/30/2023 -6,892.57
1053000000 33863.1 361180 INVESTMENT INTEREST SA A0008S5D00 101333144 12/31/23 Custodial Interest Custodial Interest 12/31/2023 -2,168.29
1053000000 33863.1 361180 INVESTMENT INTEREST SA A0008YNE00 101336825 01/31/24 Custodial Interest Custodial Interest 1/31/2024 -9,510.46
1053000000 33863.1 361180 INVESTMENT INTEREST SA A0009GLC00 101347544 02/29/24 Custodial Interest Custodial Interest 2/29/2024 -2,187.65
1053000000 33863.1 361180 INVESTMENT INTEREST SA A0009H1R00 101347776 02/29/24 Custodial Interest - Adjustment Custodial Interest - Adju 2/29/2024 149.47
1053000000 33863.1 361180 INVESTMENT INTEREST SA A0009H3V00 101347943 03/31/24 Custodial Interest Custodial Interest 3/31/2024 -8,856.64
1053000000 33863.1 361180 INVESTMENT INTEREST SA A0009PU700 101352863 04/30/24 Custodial Interest Custodial Interest 4/30/2024 -12,887.83
1053000000 33863.1 361180 INVESTMENT INTEREST SA A0009ZHT00 101358833 05/31/24 Custodial Interest Custodial Interest 5/30/2024 -11,235.76
1053000000 33863.1 361180 INVESTMENT INTEREST SA A000A8YE00 101364952 06/30/24 Custodial Interest Custodial Interest 6/30/2024 -14,289.23
33863.1 361180 -80,339.04
1053000000 33863.1 369600 GRANT PROGRAM INCOMRC A0007PTP00 101308627 SHIP Loan - Henry Delie - File #17-011MH CHS 9/11/2023 -50,000.00
1053000000 33863.1 369600 GRANT PROGRAM INCOMRC A0008FPU00 101324748 Jean Zamora SHIP loan payoff 11-079 chk #670 CHS 11/29/2023 -20,000.00
1053000000 33863.1 369600 GRANT PROGRAM INCOMRC A0008JPX00 101327831 SHIP Payoff - M Rodriguez File #14-022 CHS 12/4/2023 -30,000.00
1053000000 33863.1 369600 GRANT PROGRAM INCOMRC A0008SU500 101333468 SHIP Loan - Jacqueline Mines File# 14-003 CHS 1/10/2024 -25,000.00
1053000000 33863.1 369600 GRANT PROGRAM INCOMRC A0008XAS00 101335709 SHIP Payoff - Diana Orozco File# 11-058 CHS 1/11/2024 -20,000.00
1053000000 33863.1 369600 GRANT PROGRAM INCOMRC A00093FH00 101339443 SHIP Payoff - Maria Rivera File# 08-146 CHS 2/8/2024 -24,000.00
1053000000 33863.1 369600 GRANT PROGRAM INCOMRC A0009IT600 101349049 SHIP Payoff - JEAN PAUL, Marie File #09-248 CHS 4/19/2024 -3,000.00
1053000000 33863.1 369600 GRANT PROGRAM INCOMRC A0009MYW00 101351396 SHIP Payoff - Cenedella,Mary File#11-110 Ck110197 CHS 4/22/2024 -20,000.00
1053000000 33863.1 369600 GRANT PROGRAM INCOMRC A0009X7Y00 101358071 SHIP Payoff -PRUITT,Janine File#08-126 Ck502010337 CHS 5/2/2024 -20,700.00
1053000000 33863.1 369600 GRANT PROGRAM INCOMRC A000A56400 101362729 SHIP Payoff - COX, Danny File#20-003R Chk 180513 CHS 6/25/2024 -15,928.50
33863.1 369600 -228,628.50
1053000000 33863.1 369601 SHIP LOAN PAYMENTS RC A0007PDK00 101308477 SHIP 3636/4167 Collier Housing Alternatives Loan -CHS 9/1/2023 -13,408.00
1053000000 33863.1 369601 SHIP LOAN PAYMENTS RC A0007U7E00 101311839 SHIP - 3598/1200 SAWC Final CHS 9/1/2023 -9,000.00
33863.1 369601 -22,408.00
33863.1
16.D.7.d
Packet Pg. 1498 Attachment: SAP Detail 33863 Program Income (29567 : SHIP Program and Interest Income)