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Agenda 03/12/2019 Item #16D 103/12/2019 EXECUTIVE SUMMARY Recommendation to authorize a Budget Amendment recognizing $96,568.15 of State Housing Initiatives Partnership (SHIP) Program Income for Program Year 2018/2019. OBJECTIVE: To continue to promote affordable housing strategies for low- to moderate-income persons through the 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 a 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 activities. Revenue income in the amount of $96,568.15 was earned from September 30, 2018 through December 31, 2018. Revenue income is comprised of program income received from interest and loan repayments. The proposed budget will be used to implement SHIP strategies and administrative support as identified in the 2016/2019 Local Housing Assistance Plan, approved April 16, 2016, (Agenda Item #16D4). FISCAL IMPACT: The Budget Amendment recognizes $96,568.15 in program income (of which five percent (5%) will be used as Administrative funds) and is available in SHIP Grant Fund (791), Project 33569. 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. - JAB 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 recognizing $96,568.15 of State Housing Initiatives Partnership Program Income for Program Year 2018/2019. Prepared By: Leslie Davis, Accountant, Community and Human Services Division ATTACHMENT(S) 1. SAP Backup 12.31.18 (PDF) 16.D.1 Packet Pg. 848 03/12/2019 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.1 Doc ID: 7717 Item Summary: Recommendation to authorize a Budget Amendment recognizing $96,568.15 of State Housing Initiatives Partnership (SHIP) Program Income for Program Year 2018/2019. Meeting Date: 03/12/2019 Prepared by: Title: Accountant – Community & Human Services Name: Leslie Davis 01/31/2019 9:56 AM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 01/31/2019 9:56 AM Approved By: Review: Community & Human Services Maggie Lopez Additional Reviewer Completed 02/19/2019 8:13 AM Community & Human Services Cormac Giblin Additional Reviewer Completed 02/19/2019 9:43 AM Community & Human Services Kristi Sonntag CHS Review Completed 02/19/2019 9:46 AM Community & Human Services Lisa Carr Additional Reviewer Completed 02/19/2019 10:45 AM Public Services Department Kimberley Grant Level 1 Reviewer Completed 02/22/2019 9:00 AM Public Services Department Todd Henry Level 1 Division Reviewer Completed 02/22/2019 10:02 AM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 02/23/2019 10:26 AM Grants Erica Robinson Level 2 Grants Review Completed 02/25/2019 10:21 AM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 02/27/2019 3:25 PM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 02/27/2019 4:40 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 02/28/2019 10:06 AM Grants Therese Stanley Additional Reviewer Completed 03/01/2019 2:12 PM Budget and Management Office Ed Finn Additional Reviewer Completed 03/04/2019 9:24 AM County Manager's Office Leo E. Ochs Level 4 County Manager Review Completed 03/04/2019 4:33 PM Board of County Commissioners MaryJo Brock Meeting Pending 03/12/2019 9:00 AM 16.D.1 Packet Pg. 849 16.D.1.aPacket Pg. 850Attachment: SAP Backup 12.31.18 (7717 : SHIP Program Income Earned 09/30/18 through12/31/18)