HomeMy WebLinkAboutFinance Net-Zero Budget Amendment Fiscal Yr 2021 Grant Carryforward Item#15.
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MEMO TO CITY COUNCIL
Request to Include Topic on the City Council Agenda
From: Brad Purser, Finance Meeting Date: 01, 19 2021
Presenter: Brad Purser Estimated Time: (5 min)
Topic: Finance Department: FY 2021 Net Zero Budget Amendment in the Amount of$4,
416,031.00 for Grant Carryforward
Recommended Council Action:
We are requesting Council Approval of this Budget Amendment
Background:
This Budget request is establishing the needed Grant Funding Carryforward amount from FY2020
into FY2021. The amount of Carryforward is not known until after the end of the Fiscal Year.
Page 189
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Item#15.
11:10AM City of Meridian FY2021 Budget Amendment Form
Prior Year(s) Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Department Name: Finance
Funding 2021 2022 2023 2024 2025 Title: FY2021 Grant Carryforward
Personnel $ - $ $ $ $ In t—tiansr r Submits ing R.dgel Amen dmenls:
Operating $ 4,416,031 $ $ $ $ > Department will send Amendment with Directors signature to Finence(gudget Analyst)Far review
Capital $ - i Finance will send Amendment to council Ualmn For signature
Total $ - $ 4,416,031 $ $ $ $ i Council Liaison will send slgned Amendment to Mayor
Total Estimated Project Cost: $ 4,416,031 , Mayor will send signed Amendmentto Finance{Budget Anaiystl
Evaluation Questions 7 Flnan"(Budget Analyst)will send approved MFpW of Amendment to Departmaftt
Please answer all Evaluation Questions using the financial data referenced above. s D�psrt,rant,,,llladdcopyw Amendment toCourdlAge.tda us�ngNkrvusAgendaManager
1. Describe what is being requested?
y,
This budget request is part of the standard budget development process.The City performs the Grant Carryforward separate of the annual Carryforwward regeust to validate
and verify necessary grant funding needs.This budge request is establishing the needed Grant Funding Carryforward amount from FY2020 to be carried into FY2021 to complete
the FY2020 Projects.Upon completion of the FY2020 grant reconciliation,the City has established the final grant carryforward amounts needed.See Attached File for Details
2. Why was this budget request not submitted during the current fiscal year budget cycle?
Carryforward amounts are not finalized untill the end of the fiscal year
3. What is the explanation for not submitting this budget request during the next fiscal vear budget cvcle?
Carryforward budget is needed to complete projects in the current fiscal year
4.Describe the proposed method of funding? If funding is split between Funds(i.e. General,Enterprise,Grant),please include the percentage split. List the amounts and
sources of anticipated additional revenue that will result from approval of this request.
The City will receive revenue from specific grants to offset the requested expenditures.
5.Does this request align with the Department/City's strategic plan? If not,please explain how this request was not included in the Department/City strategic plan?
Yes
6. Does this request require resources to be provided by other departments? If yes,please describe the necessary resources to be provided by other departments.
Yes. All departments impacted by this request are involved with the proposed spending requests.All departments have allocated resources necessary to complete all spending requests.
7.Does this Amendment include any needed Equipment or Software that will utilize the Cit 's network? Yes or No No
8.Is the amendment going to result in the disposal of an asset?(Yes or No) No
9.Anyadditional comments?
None A
Total Amendment Request $ -
Every effort should be made to avoid reopening the budget for an amendment. Departments will need to provide backup and appear before the City Council to justify budget amendments.
Budget amendments are intended for emergency or mandatory changes to the original balanced budget. Changes to the original balanced budget may cause a funding shortfall.
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City of Meridian FY2020 Budget Amendment Form F:\BUDGET\FY2021\FY2021 Budget Amendment Form
Item#15.
Fund Dept G/L Project Expenditures Revenues Notes
61 1840 33100 5036 $ 998,617.94 CFAC CARES State COVID 19 Grant
61 1840 85000 5036 $ 998,617.94
20 2135 33100 5031 $ 900.00 Idaho State Liquore Division Mini Grant
20 2135 52710 5031 $ 900.00
20 1840 33100 5036 $ 2,371,166.53 CFAC CARES State COVID 19 Grant
20 1840 85000 5036 $ 2,371,166.53
20 1840 33100 6003.101 $ 40,000.00 CDBG Grant-ACHA PY19
20 1840 85000 6003.101 $ 40,000.00
20 1860 33100 6003.105 $ 101,768.00 CDBG Grant-MMS Streetlights PY19
20 1860 85000 6003.105 $ 101,768.00
20 5290 33100 6003.110 $ 133,406.00 CDBG Grant-Fairview Sidewalk PY19
20 5290 85000 6003.110 $ 133,406.00
20 1840 33100 6003.CV.111 $ 12,839.79 CDBG COVID-19-Terry Reilly Allumbaugh House
20 1840 85000 6003.CV.111 $ 12,839.79
20 1840 33100 6003.CV.112 $ 31,250.00 CDBG COVID-19-Jesse Tree Emergency Rental Assistance
20 1840 85000 6003.CV.112 $ 31,250.00
20 1840 33100 6003.CV.113 $ 153,163.17 CDBG COVID-19-NeighborWorks Mortgage Assistance
20 1840 85000 6003.CV.113 $ 153,163.17
20 1840 33100 6003.CV $ 77,157.00 CDBG COVID-19
20 1840 85000 6003.CV $ 77,157.00
20 1840 33100 6003 $ 22,270.76 CDBG Grant-Admin
20 1840 85000 6003 $ 22,270.76
20 5290 33100 6009.c $ 473,492.04 ITD Rail with Trail Pathway
20 5290 93401 6009.c $ 473,492.04
20 2135 33100 5032 $ 7,626.00 Partnership for Success Law Enforcement
20 2135 41210 5032 $ 5,876.00
20 2135 42021 5032 $ 450.00
20 2135 42022 5032 $ 702.00
20 2135 42023 5032 $ 198.00
20 2135 52610 5032 $ 400.00
$ 4,416,031.23 $ 4,416,031.23
Row Labels Sum of Expenditures Sum of Revenues
5031 $900.00 $900.00
5036 $3,369,784.47 $3,369,784.47
6003 $28,270.76 $28,270.76
6003.101 $40,000.00 $40,000.00
6003.105 $95,768.00 $95,768.00
6003.110 $133,406.00 $133,406.00
6003.CV $77,157.00 $77,157.00
6003.CV.111 $12,839.79 $12,839.79
6003.CV.112 $31,250.00 $31,250.00
6003.CV.113 $153,163.17 $153,163.17
6009.c $473,492.04 $473,492.04
Grand Total $4,416,031.23 $4,416,031.23
1/11/2021 Page 192
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