For City Council Meeting November 15, 2022
TO: Honorable Mayor and City Council
APPROVAL: Marcus Fuller, City Manager
FROM: Katherine Stevens, Finance Director
Title
Request City Council to: Adopt Resolution No. 7998 Increasing the FY2022-2023 Community Development Block Grant (CDBG) Annual Budget to Align with the FY2022-2023 Approved Annual Action Plan.
Body
BACKGROUND
The City of Rialto (City), as an entitlement city, receives Community Development Block Grant (CDBG) Program funds on an annual basis from the U.S. Department of Housing and Urban Development (HUD) to carry out a wide range of community development activities to benefit low-and-moderate-income residents.
On May 26, 2022, the City of Rialto Annual Budget was adopted. The annual budget included preliminary appropriations for the CDBG fund. On July 12, 2022, the One-Year Action Plan, for Program Year 2022-2023 was approved and adopted establishing finalized revenue and expense appropriations for the CDBG FY2022-2023 Program Year.
ANALYSIS/DISCUSSION
On July 12, 2022, the One-Year Action Plan for Program Year 2022-2023 was approved and adopted in Resolution 7932 (Attachment A). The CDBG budget was not adjusted with a Budget Resolution at that time. The budget adjustment to the CDBG appropriated expenses is shown below.
The budget adjustment to the CDBG appropriated revenue is shown below.
ENVIRONMENTAL IMPACT
The request is not a Project as defined by Section 15378 of the California Environmental Quality Act (CEQA).
GENERAL PLAN CONSISTENCY
Complies with the following Rialto General Plan Guiding Principle:
Our Government will lead by example, and will operate in an open, transparent, and responsive manner that meets the needs of the citizens and is a good place to do business.
LEGAL REVIEW
The City Attorney has reviewed and supports this staff report
FINANCIAL IMPACT
Operating Budget Impact
No financial impact to the operating budget.
Capital Improvement Budget Impact
No financial impact to the Capital Improvement Budget.
RECOMMENDATION
Staff recommends that the City Council Adopt Resolution No. 7998 Increasing the FY2022-2023 Community Development Block Grant (CDBG) Annual Budget to Align with the FY2022-2023 Approved Annual Action Plan.