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03 ATTACHMENTS
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2010
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051810
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03 ATTACHMENTS
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5/13/2010 11:55:20 AM
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CITY CLERK
CITY CLERK - TYPE
STAFF REPORTS
DOCUMENT DATE
5/18/2010
DESTRUCT DATE
15 Y
DOCUMENT NO
03 ATTACHMENTS
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ALLOCATION OF SURPLUS DEFICIT CDBG FUNDING <br /> The City has estimated its annual CDBG formula allocation for FY 2010 at $350,000 based on prior <br /> year grant allocations and current funding trends. In addition, the City plans to reallocate $25,000 <br /> funds that were set aside in FY 2007 for the LARPD Friendship Center adult day care project (that <br /> project has become inactive and another similar project by Tri- Valley YMCA has emerged to fill the <br /> need for adult day care in the Tri Valley). Because of timing issues surrounding CDBG funding this <br /> year, the City Council approved a general contingency plan to address the allocation of a surplus (or <br /> deficit) in overall CDBG funding. The contingency plan is as follows: <br /> Any surplus Public Services funding shall be allocated to the following four underfunded <br /> projects in order of priority: 1) #1023 (Spectrum Community Services); 2) #1001 (Axis <br /> Community Health); 3) #1020 (Tri- Valley Haven); and 4) #1012 (Hope Hospice). <br /> In the case of a deficit in CDBG funding, funds shall be deducted proportionately from all <br /> CDBG- funded projects, except that the allocation for the Sojourner House Section 108 loan <br /> payment shall remain the same regardless of the final grant amount. <br /> The City anticipates notification of its final CDBG allocation in early May, and any change in <br /> funding (as compared to the $350,000 estimate used during the City's funding allocation process) <br /> will be apportioned based on the preceding plan. <br /> Action Plan FY10 <br /> City of Pleasanton <br /> Page 16 <br />
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