TO: Board of Supervisors
FROM: David Morrison, Interim County Executive Officer
REPORT BY: Jennifer Palmer, Director of Housing & Homeless Services
SUBJECT: Affordable Housing Budget Adjustment
RECOMMENDATION
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Director of Housing & Homeless Services requests approval of a Budget Adjustment for increased expenses in consulting services, computer equipment and software, and interfund expenditures, offset by mitigation fee revenue (Org 2080000); transfer appropriations originally budgeted from ARPA to buildings and improvement expense (ADU program Org 2080050) to instead be Long Term Loans (Affordable Housing program Org 2080010); and transfer expense appropriations for transfers out to the administrative area of the fund (org 2080000) (4/5 vote required):
1. Increase Consulting Services Appropriation $5,000 (Fund 2080, Org 2080000, Obj 52310);
2. Increase Computer Equipment/Accessories Appropriation $2,500 (Fund 2080, Org 2080000, Obj 53410);
3. Increase Computer Software/Licensing Appropriation $2,000 (Fund 2080, Org 2080000, Obj 53415);
4. Increase Interfund Expenditure Appropriation $500 (Fund 2080, Org 2080000, Obj 54900);
5. Increase Mitigation Fee-Commercial Revenue $10,000 (Fund 2080, Org 2080000, Obj 46710);
6. Increase Long Term Loan Appropriation $2,000,000 (Fund 2080, Org 2080010, Obj 56500);
7. Increase Transfers-In Revenue $2,000,000 (Fund 2080, Org 2080010, Obj 48200);
8. Decrease Buildings and Improvements Appropriation $2,000,000 (Fund 2080, Org 2080050, Obj 55300);
9. Decrease Transfers-In Revenue $2,000,000 (Fund 2080, Org 2080050, Obj 48200);
10. Increase Intrafund Transfers Out Appropriation $88,000 (Fund 2080, Org 2080000, Obj 57900);
11. Increase Transfers-In Revenue $88,000 (Fund 2080, Org 2080000, Obj 48200);
12. Decrease Intrafund Transfers Out Appropriation $88,000 (Fund 2080, Org 2080050, Obj 57900); and
13. Decrease Transfers-In Revenue $88,000 (Fund 2080, Org 2080050, Obj 48200).
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EXECUTIVE SUMMARY
Affordable Housing (Fu...
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