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G-01-11-08-13E1 - 11/8/2001PY01 OVP ORDINANCE NO. - I1- og- /3E 1 AN ORDINANCE APPROVING AND ADOPTING A BUDGET FOR THE COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM FOR THE 2001-2002 FISCAL YEAR. WHEREAS, the Community Development Block Grant program has submitted a proposed operating budget for fiscal year 2001-2002, and WHEREAS, the City Council wishes to approve said proposal, Now Therefore BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS THAT: The operating budget submitted by and for the Community Development Block Grant program for fiscal year 2001-2002, attached hereto as Exhibit "A", is hereby approved. 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. READ and APPROVED on first reading this the 45 day of Oeli&-kwo ::CDMA\WORLDOX\0:\WDOX\ORDINANC\011025B1.WPD/5C , 2001. READ, APPROVED and ADOPTED on second reading this the Vi.) day of ATTEST: , 2001. ROB RT A. STLUKA, JR Mayor City of Round Rock, Texas CHRISTINE R. MARTINEZ, City Secretar 2 City of Round Rock CDBG Fund #790 2001-2002 Proposed Budget 99-00 :.: 00-01 00-01: 01-02 Actual Revised . Estimated Proposed Budget Budget ::: Actual: Budget Beginning Estimated Unreserved Fund Balance 10/1/01 REVENUES CDBG Program Income Total Revenues FXPF.NDITURES• $0 246,553 1,300 $0.00 598,763 $0 $0 386,295 678,469 3,600 3,600 3,600 247,853 602,363 389,895 682,069 2000 Program Grant Fundine Project 1: Neighborhood Enhancements 0 135,400 123,761 11,639 Project 2: Economic Opportunities t'I 64,959 20,804 20,038 766 Project 3: Home Ownership Assistance 119,741 10,259 10,259 0 Project 4: Program Administration 63,153 0 0 0 Subtotal 1999 Program Grant Expenditures 247,853 166,463 154,059 12,405 2001 Program Grant Funding Project I: Neighborhood Enhancements 0 15,000 3,455 Project 2: Economic Opportunities 0 77,900 38,084 Project 3: Home Ownership Assistance 0 197,000 100,000 Project 4: Program Administration 0 81,050 68,297 Project 5: Public Services 0 64,950 26,000 Subtotal 2000 Program Grant Expenditures 11,545 40,569 109,000 0 38,950 0 435,900 235,836 200,064 2002 Program Grant Funding Project 1: Neighborhood Enhancements 0 0 0 40,000 Project 2: Economic Opportunities 0 0 0 53,600 Project 3: Home Ownership Assistance 0 0 0 135,000 Project 4: Program Administration 0 0 0 70,000 Project 5: Public Services 0 0 0 69,900 Project 6: Lead -Based Paint 0 0 0 20,000 Project 7: Rehab. Existing Homes 0 0 0 81,100 Subtotal 2000 Program Grant Expenditures 0 0 0 469,600 Total Expenditures 247,853 602,363 389,895 682,069 Operating Reserves (e) 0 0 0 0 Estimated Unreserved Fund Balance 9/30/02 $0 $0 $0 ' The 2001-2002 revised Budget reallocates $12,753.27 in remaining Program Admistration grant funding. $753.27 will be used in Project 2 (Microenterprise Assistance Center) and $12,000 will be used in HOAP, Project 3. The remaining balance in Project 4 is being reallocated to Project 2 and Project 3 per HUD requirements. (b) Operating Reserves are established in accordance with operating reserve policies. 02cdbg79 EXHIBIT "An DATE: November 2, 2001 SUBJECT: City Council Meeting — November 8, 2001 ITEM: 13.E.1. Consider an ordinance adopting the Community Development Block Grant Budget for FY 2001-2002. (Second Reading) Resource: Joe Vining, Planning Director Mona Ryan, Community Development Coordinator History: The 2001/2002 Community Development Annual Action Plan was adopted by Resolution R01 -08-09-13C1 and approved by the Department of Housing and Urban Development on October 1, 2001. Funding: Cost: $466,000 Source of Funds: Community Development Block Grant Outside Resources: U.S. Department of Housing and Urban Development Impact: Adoption of the annual budget allows the implementation of Community Development Block Grant planned activities for the next fiscal year. Benefit: Programs identified in the Annual Action Plan will directly benefit the low to moderate -income citizens of Round Rock. Public Comment: All the required public hearings have been held during the development process of this new plan. Sponsor: Planning and Community Development Department.