Agenda 01/26/2016 Item #16D 1 1/26/2016 16.D.1 .
EXECUTIVE SUMMARi
Recommendation to approve a budget amendment recognizing S62.8O :.43 it 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 and program income funds. The origin of these
funds is a combination of loan repayments and down payment assistance. Program income 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%Admin Program
Program Income $38,525.43 $3,852.54 $34,672.89
Recapture $25,280.00 $0 $25,280.00
Total $63,805.43 $3,852.54 $59,952.89
HOME guidelines allow 10% of the program income to fund administration activities. Recaptured funds
are treated like program income except no administration allocation is allowed. The remaining balance of
$59,952.89 will be applied towards program.
FISCAL IMPACT: A budget amendment is necessary to recognize program income and recaptured
funds in the amount of $63,805.43 within Urban Improvement Grants Fund (121), Project Numbers
34550 and 44550 and Housing Grants Fund (705), Project Numbers 33089, 33177, 33290, and 33365.
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$63,805.43 in revenue under the HOME program.
Prepared by: Jody Paley, Grants Coordinator, Community and Human Services Division
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1/26/2016 16.D.1 .
COLLIER COUNTY
board of County Corr°mErsioners
Item Number: 16.16.D.16.D.1.
Item Summary: Recommendation to approve a budget amendment recognizing
$63,805.43 in revenue received under the HOME Investment Partnership Program.
Meeting Date: 1/26/2016
Prepared By
Name: PaleyJody
Title: VALUE MISSING
12/10/2015 11:30:25 AM
Submitted by
Title: VALUE MISSING
Name: PaleyJody
12/10/2015 11:30:27 AM
Approved By
Name: KushiEdmond
Title: Accountant, Community &Human Services
Date: 12/29/2015 2:09:42 PM
Name: Bendisa Marku
Title: Supervisor-Accounting, Community &Human Services
Date: 1/4/2016 2:42:34 PM
Name: TownsendAmanda
Title: Division Director- Operations Support,Public Services Department
Date: 1/6/2016 10:20:00 AM
Name: SonntagKristi
Title: Manager-Federal/State Grants Operation, Community&Human Services
Date: 1/6/2016 12:17:29 PM
Name: GrantKimberley
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1/26/2016 16.D.1 .
Title: Division Director- Cmnty P' Human Svc. Community v .Human Services
Date: 1/6/-)01 6 _7:06:50 PM
Name: Belpedioiennifer
Title: Assistant County Attorney, CAO General Services
Date: 1/7/2016 10:16:13 AM
Name: RobinsonErica
Title: Accountant, Senior, Grants Management Office
Date: 1/7/2016 10:21:58 AM
Name: Carnel]Steve
Title: Department Head -Public Services, Public Services Department
Date: 1/11/2016 8:57:38 AM
Name: StanleyTherese
Title: Manager-Grants Compliance, Grants Management Office
Date: 1/11/2016 5:01:05 PM
Name: KlatzkowJeff
Title: County Attorney,
Date: 1/15/2016 11:00:33 AM
Name: CasalanguidaNick
Title: Deputy County Manager, County Managers Office
Date: 1/15/2016 12:51:45 PM
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