G-99-10-28-9B1 - 10/28/1999ORDINANCE NO. l3 "99- io") 8 - q i
AN ORDINANCE APPROVING AND ADOPTING A BUDGET FOR
THE COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM FOR
THE 1999-2000 FISCAL YEAR.
WHEREAS, the Community Development Block Grant program has
submitted a proposed operating budget for fiscal year 1999-2000,
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:
That the operating budget submitted by and for the Community
Development Block Grant program for fiscal year 1999-2000, 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, and the Act.
READ and APPROVED on first reading this the ! 1 tiL day
of OC±bIIU
K:\WPDOCS\ORDINANC\091014A1.WPD/sc
, 1999.
READ, APPROVED and ADOPTED on second reading this the
day of
cc_t&.J.) , 1999.
ATTEST:
E LAND, City Secretary
2
RO: 'T A. STLUKA, JR., Mayor
City of Round Rock, Texas
City of Round Rock
CDBG Fund # 790
Analysis of Fund Balance
10/22/99
Estimated Fund Balance 10/1/99
Less Reserves (* 1)
Estimated Revenue (FY 1999-2000)
Total Funds Available
Estimated Expenditures (FY 1999-2000)
Estimated Unreserved Fund Balance 9/30/00
*1 - Reserves are established in accordance with operating reserve policies.
$
244,945
0
413,000
657,945
(657,945)
$ 0
City of Round Rock
CDBG Fund #790
1999-2000 Proposed Budget
DESCRIPTION OF ITEM
98-99
Original
Budget
98-99
Estimated
Actual
99-00
Proposed
Budget
Beginning Estimated Unreserved Fund Balance 10/1/99
REVENUES:
CDBG
Total Revenues
EXPENDITURES:
1999 Program Grant Funding
Project 1: Neighborhood Enhancements
Project 2: Economic Opportunities (a)
Project 3: Home Ownership Assistance
Project 4: Program Administration
$0
410,000
410,000
240,000
50,000
60,000
60,000
$0
$244,945
410,000 413,000
410,000 413,000
36,300
35,700
40,200
52,855
203,700
21,445
19,800
0
Subtotal 1999 Program Grant Expenditures 410,000 165,055 244,945
2000 Program Grant Funding
Project 1: Neighborhood Enhancements
Project 2: Economic Opportunities
Project 3: Home Ownership Assistance
Project 4: Program Administration
Subtotal 2000 Program Grant Expenditures
Total Expenditures
Operating Reserves (b)
Estimated Unreserved Fund Balance 9/30/00
410,000
0
135,400
75,000
120,000
82,600
413,000
165,055 657,945
0 0
$244,945 $0
(a) The 1999-2000 Proposed Budget to utilize $21,445 in remaining 1999 Program Grant funding in Project 2:
Economic Opportunities includes $7,145 remaining balance from 1999 Program Grant funding in Project 4:
Program Administration. The remaining balance in Project 4 is being reallocated to Project 2 per HUD
requirements.
(b) Operating Reserves are established in accordance with operating reserve policies.
00cdbg79 1
DATE: October 21, 1999
SUBJECT: City Council Meeting — October 28, 1999
ITEM:
9.B.1. Consider an ordinance adopting a Community Development Block
Grant (CDBG) program budget for the 1999-2000 fiscal year.
(Second Reading) The 1999-2000 Action Plan approved by the City
council identifies four projects that will be funded with CDBG
money. This proposed budget includes new funding for FY 1999-
2000 and re -appropriation of remaining funds from FY 1998-1999.
The first reading of the ordinance was approved on October
14,1999. Staff Resource Person: Joe Vining, Planning Director.