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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: Date: 08/12/2011 ll-tY71e3 Law Department Matter ID No. Requesting Department: Community Development Commission Meeting Date: 09/15/2011 District Impacted: Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: DE -OBLIGATION OF FUNDS Purpose of Item: AUTHORIZING THE DE -OBLIGATION OF COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS, IN THE TOTAL AMOUNT OF $86,352.74, FROM THE AGENCIES SPECIFIED IN EXHIBIT "A", ATTACHED AND INCORPORATED; ALLOCATING SAID FUNDS TO THE CITY OF MIAMI DEPARTMENT OF COMMUNITY DEVELOPMENT CDBG RESERVE ACCOUNT; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENT(S), FOR SAID PURPOSE. Background Information: Community Development Block Grant ("CDBG") funds were allocated to the agencies specified in Exhibit "A", attached and incorporated, in the total amount of $86,352.74. These agencies will no longer use the remaining balances and as such these balances need to be de -obligated and returned to the CDBG reserve account. The Administration recommends the de -obligation of CDBG funds, in the total amount of $86,352.74, from the agencies specified in Exhibit "A", attached and incorporated and allocating said funds to the City of Miami Department of Community Development CDBG reserve account. Budget Impact Analysis NO Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Final Approvals (SIGN AND DATE) CIP Budget Risk Manager Purchasing Dept. Director Chief City Manager ff74/// Page 1 of 1 If using•or receiving capital] funds Grants