City of Racine - File #: 13-8913

• File #: 13-8913
• Version: A
• Name: Advance in Funding (Res. No. 13-0208)
• Type: Communication
• Status: Passed
• File created: 5/1/2013
• In control: Finance and Personnel Committee
• Final action: 5/21/2013
• Title: Subject: Communication from the Director of City Development requesting that the City advance funds in anticipation of CDBG, HOME, and ESG grants from the U.S. Department of Housing and Urban Development. (Res. No. 13-0208) Recommendation of the Finance & Personnel Committee on 5-13-13: That the City advance funds so that the subgrantees can be reimbursed. The City will be made whole when the HUD funds are received. Fiscal Note: The City has regularly advanced funds for this purpose in prior years. There are sufficient funds available.
• Related files: Res.13-0208

Date	Ver.	Action By	Action	Result
5/21/2013	A	Common Council	Approved as Presented	Pass
5/13/2013	A	Finance and Personnel Committee
5/7/2013	A	Common Council	Referred

Title

Subject: Communication from the Director of City Development requesting that the City advance funds in anticipation of CDBG, HOME, and ESG grants from the U.S. Department of Housing and Urban Development. (Res. No. 13-0208)

Recommendation of the Finance & Personnel Committee on 5-13-13:  That the City advance funds so that the subgrantees can be reimbursed.  The City will be made whole when the HUD funds are received.

Fiscal Note:  The City has regularly advanced funds for this purpose in prior years.  There are sufficient funds available.