Agenda 02/26/2019 Item #16D102/26/2019
EXECUTIVE SUMMARY
Recommendation to authorize a Budget Amendment recognizing $36,971.43 in program income
and recaptured funds received under the Home Investment Partnership Program (HOME).
OBJECTIVE: To accurately account for program income and recaptured funds generated from the
HOME Program related activities or matching contributions.
CONSIDERATIONS: Collier County is the recipient of 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 through program income and recaptured funds. The origin of these funds is a loan
payment from the Eden Gardens Project and one down payment assistance. This revenue 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 item to accurately reflect ongoing program expenses as shown below.
Revenue received:
Type of Revenue Amount Received 10% Admin Program
Program Income $31,571.43 $3,157.14 $28,414.29
Recapture $5,400 $0 $5,400
Total $36,971.43 $3,157.14 $33,814.29
HOME guidelines allow ten percent (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 $33,814.29 will be applied towards program.
FISCAL IMPACT: A Budget Amendment is necessary to recognize program income and recaptured
funds in the amount of $36,971.43 within Housing Grants Fund (705), Project 33581. Such funds may be
reused for other eligible HOME program activities.
LEGAL CONSIDERATIONS: This Item does not raise any legal issues and is accordingly approved
for form and legality. - JAB
GROWTH MANAGEMENT IMPACT: Acceptance and implementation of this Budget Amendment
will further the Goals, Objectives, and Policies within the Housing Element of the Growth Management
Plan.
RECOMMENDATION: To authorize a Budget Amendment recognizing $36,971.43 of HOME program
income and recaptured funds for Program Year 2018/2019.
Prepared By: Leslie Davis, Accountant, Community and Human Services Division
ATTACHMENT(S)
1. SAP Backup 10.01.18 through 12.31.18a (PDF)
16.D.1
Packet Pg. 783
02/26/2019
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.D.1
Doc ID: 7708
Item Summary: Recommendation to authorize a Budget Amendment recognizing $36,971.43 in
program income and recaptured funds received under the Home Investment Partnership Program
(HOME).
Meeting Date: 02/26/2019
Prepared by:
Title: Accountant – Community & Human Services
Name: Leslie Davis
01/31/2019 9:53 AM
Submitted by:
Title: Manager - Federal/State Grants Operation – Community & Human Services
Name: Kristi Sonntag
01/31/2019 9:53 AM
Approved By:
Review:
Community & Human Services Kristi Sonntag CHS Review Completed 02/04/2019 9:03 AM
Community & Human Services Cormac Giblin Additional Reviewer Completed 02/05/2019 8:21 AM
Community & Human Services Maggie Lopez Additional Reviewer Completed 02/06/2019 9:02 AM
Community & Human Services Carolyn Noble Additional Reviewer Completed 02/07/2019 11:36 AM
Public Services Department Kimberley Grant Level 1 Reviewer Completed 02/07/2019 3:02 PM
Public Services Department Todd Henry Level 1 Division Reviewer Completed 02/07/2019 3:23 PM
Grants Erica Robinson Level 2 Grants Review Completed 02/08/2019 4:08 PM
County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 02/11/2019 11:17 AM
Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 02/12/2019 10:31 AM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 02/13/2019 8:25 AM
Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 02/13/2019 8:28 AM
Grants Therese Stanley Additional Reviewer Completed 02/14/2019 9:07 AM
Budget and Management Office Ed Finn Additional Reviewer Completed 02/14/2019 11:02 AM
County Manager's Office Nick Casalanguida Level 4 County Manager Review Completed 02/19/2019 1:46 PM
Board of County Commissioners MaryJo Brock Meeting Pending 02/26/2019 9:00 AM
16.D.1
Packet Pg. 784
16.D.1.a
Packet Pg. 785 Attachment: SAP Backup 10.01.18 through 12.31.18a (7708 : HOME Program Income Quarter Ending 12/31/18)