G-02-08-22-12C1 - 8/22/2002ORDINANCE NO. 8 -Oa- 08--Z- i 2C J
AN ORDINANCE AMENDING THE 2001-2002 COMMUNITY
DEVELOPMENT BLOCK GRANT PROGRAM BUDGET.
WHEREAS, the City Council has previously adopted a 2001-2002
Community Development Block Grant Program Budget, and
WHEREAS, the City Council wishes to amend said budget in
accordance with the attached revised budget, Now Therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
That the 2001-2002 Community Development Block Grant Program
Budget is amended as set forth in Exhibit "A" attached hereto and
incorporated herein.
The City Council hereby finds and declares that written notice
of the date, hour, place and subject of the meeting at which this
Ordinance was adopted was posted and that such meeting was open to
the public as required by law at all times during which this
Ordinance and the subject matter hereof were discussed, considered
and formally acted upon, all as required by the Open Meetings Act,
Chapter 551, Texas Government Code, as amended. 1�
�•Yv
READ and APPROVED on first reading this the day
of , 2002.
READ, APPROVED and ADOPTED on second reading this the
Z ,--
day of
, 2002.
City of Round Rock, Texas
1
CHRISTINE R. MARTINEZ, City Secret
::ODMA\WORLDOX\0:\WDOX\ORDINANC\020808B1.WPD/sc
City of Round Rock
CDBG Fund #790
2001-2002 Budget Revision 2
99-00 00-01
Actual Actual
DESCRIPTION OF ITEM
Beg. Est. Unreserved Fund Balance 1o/1/01
REVENUES (a):
CDBG
Program Income
Total Revenues
EXPENDITURES:
01-02 01-02 01-02
Revised Proposed Variance
Budget Revision 2
$o $o so $o
$o
246,553 386,295 678,469 678,469 0
1,30o 3,600 3,600 3,600 0
247,853 389,895 682,069 682,069 0
2000 Program Grant Funding
Project 1: Neighborhood Enhancements o 123,761 11,639 11,639 0
Project 2: Economic Opportunities 64,959 20,038 766 766 0
Project 3: Home Ownership Assistance 119,741 10,259 0 0 0
Project 4: Program Administration 63,153 0 0 0 0
Subtotal 2000 Program Grant Expenditures 247,853 154,059 12,405 12,405 0
2001 Program Grant Funding
Project i: Neighborhood Enhancements o 3,455 38,545 38,545 0
Project 2: Economic Opportunities o 38,084 40,569 40,569 0
Project 3: Home Ownership Assistance o 100,000 12,000 12,000 0
Project 4: Program Administration o 68,297 0 0 0
Project 5: Public Services o 26,000 38,950 38,950 0
Project 6: Senior Center Rehab o 0 70,00o 70,000 0
Subtotal 2001 Program Grant Expend. 0 235,836 200,064 200,064 0
2002 Program Grant Funding
Project 1: Neighborhood Enhancements o 0 40,00o 40,00o 0
Project 2: Economic Opportunities o 0 53,600 53,60o 0
Project 3: Home Ownership Assistance (b): 0 0 135,000 234,765 99,765
Project 4: Program Administration o 0 70,000 70,000 0
Project 5: Public Services o 0 69,900 69,90o 0
Project 6: Lead -Based Paint (c): 0 0 20,000 240 (19,760)
Project 7: Rehab. Existing Homes (d): 0 0 81,1oo 1,095 (80,005)
Subtotal 2002 Program Grant Expend. 0 0 469,600 469,600 0
Total Expenditures 247,853 389,895 682,069 682,069 0
Estimated Unreserved Fund Balance 9/30/02 $o ($o) $o $o
(a) Actual revenues are based upon grant draw downs, not upon the amount of the grant award. For example, although $433,000 was aw
in CDBG funding for FY 01, only $386,295 was drawn down. 01-02 Original Budget includes unspent dollars from previous years.
(b) Line item increased; comprised of funding from lead based paint in the amount of $19,760, and Rehab. Existing homes, $8o,005
(c) $19,760 will be reallocated to "Project 4: Program Administration."
(d) $80,005 will be reallocated to "Project 4: Program Administration."
EXHIBIT
ite
CDBG 02 rev 2 1
DATE: August 16, 2002
SUBJECT: City Council Meeting — August 22, 2002
ITEM: 12.C.1. Consider an ordinance amending the 2001-2002 Community
Development Block Grant budget. (Second Reading)
Resource: Joe Vining, Planning Director
Mona Ryan, Community Development Coordinator
History: Funds are being shifted within the existing Community Development Block Grant
program. No operating budget will be required.
Funding
Cost: N/A
Source of Funds: Community Development Block Grant
Outside resources: None
Benefit: At least 19 more income eligible first time homebuyers will have
access to down payment and closing costs assistance.
Public Comment:
Notice to the Public of 30 Day Comment Period to provide additional
funding to the first time homebuyers down payment assistance program
was posted June 14, 2002.
Sponsor: Planning and Community Development Department