HomeMy WebLinkAboutCity of Tamarac Resolution R-2001-022January 10, 2001 - Temp. Reso. #9248 1
Revision No. 1 — January 10, 2001
40 Revision No. 2 — January 12, 2001
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-2001-22
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF TAMARAC, FLORIDA, AUTHORIZING THE
APPROPRIATE CITY OFFICIALS TO AMEND THE
CITY OF TAMARAC'S STATE HOUSING INITIATIVES
PARTNERSHIP (SHIP) GRANT FUND BUDGET BY
PLACING THE PROGRAM INCOME RECEIVED FOR
FISCAL YEAR 1999 AND THE PROGRAM INCOME
FOR FISCAL YEAR 2000 INTO THE SHIP MINOR
HOME REPAIR PROGRAM ACTIVITY FOR THE
APPROPRIATE PROJECT CODE AND PROGRAM
YEAR; AMENDING THE CITY'S SHIP BUDGET TO
PROVIDE FOR AN ANNUAL REVENUE FORECAST
OF PROGRAM INCOME FOR THE CITY'S ANNUAL
BUDGET; AMENDING THE CITY'S BUDGET FOR
FISCAL YEAR 2001 WITH A REVENUE FORECAST
OF $20,000.00 OF PROGRAM INCOME; PROVIDING
FOR CONFLICTS; PROVIDING FOR SEVERABILITY;
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City of Tamarac is a direct entitlement city for the State Housing Initiatives
Partnership (SHIP) Program which receives annual allocations to fund the City's housing programs
defined in its Local Housing Assistance Programs; and
WHEREAS, the SHIP grant allocations earn interest during the interim of receipt and
expenditure which is considered Program Income to be utilized for eligible SHIP Program activities;
and
WHEREAS, Program Income can also result from pro -rated repayment of a SHIP Deferred
Loan which should also be deposited into the Program Income budget line item; and
WHEREAS, based on historical information, it is estimated that the City will receive
0 $20,000.00 in Program Income in Fiscal Year 2001; and
January 10, 2001 - Temp. Reso. #9248 2
Revision No. 1 — January 10, 2001
Revision No. 2 — January 12, 2001 is
WHEREAS, creating a budget line item for the receipt of all Program Income shall more
efficiently manage the revenue received by allowing for efficient budgetary transfers of Program
Income revenue into eligible SHIP Program activities, ensuring timely expenditures of grant funds
and minimizing the need for individual agenda items, to accomplish such accepted accounting
transactions; and
WHEREAS, the Director of Community Development, the Director of Finance, and the
Controller recommend approval; and
WHEREAS, the City Commission of the City of Tamarac, Florida deems it to be in the best
interests of the citizens and residents of the City of Tamarac to authorize the appropriate City
Officials to amend the City of Tamarac's State Housing Initiatives Partnership (SHIP) Grant Fund
budget by placing the Program Income received for Fiscal Year 1999 and the Program Income for
Fiscal Year 2000 into the SHIP Minor Home Repair Program activity for the appropriate Project
Code and Program Year; amending the City's SHIP budget to provide for an annual revenue
forecast of Program Income forthe City's annual budget; amending the City's budgetfor Fiscal Year
2001 with a revenue forecast of $20,000.00 of Program Income.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF
TAMARAC, FLORIDA:
SECTION 1: The foregoing "WHEREAS" clauses are hereby ratified and confirmed
as being true and correct and are hereby made a specific part of this Resolution.
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January 10, 2001 - Temp. Reso. #9248 3
Revision No. 1 — January 10, 2001
Revision No. 2 — January 12, 2001
SECTION 2: That the City shall amend the City's Fiscal Year 2001 budget for the
SHIP Program for Program Income received for Fiscal Year 1999 in the amount of $2,952.59 and for
Fiscal Year 2000 in the amount of $17,818.16 to be reallocated into the SHIP Minor Home Repair
Grant program for the appropriate Project Code and Program Year.
SECTION 3: That the City's budget for the State Housing Initiatives Partnership
(SHIP) Program shall be amended to include annual Projected Revenues forthe receiptof Program
Income and Repayment of Deferred Loans, and shall allow for the efficient reallocation of such
revenues received into approved SHIP Program activities, identified by SHIP Program activity and
Project Year by accepted accounting practices.
SECTION 4: That the City shall amend the budget with a $20,000.00 Revenue
Forecast for Fiscal Year 2001 into which Program Income shall be received and reallocated through
accepted accounting practices into eligible SHIP Program activities.
SECTION 5: All resolutions or parts of resolutions in conflict herewith are hereby
repealed to the extent of such conflict.
SECTION 6: If any clause, section, other part or application of this Resolution is
held by any court of competent jurisdiction to be unconstitutional or invalid, in part or application, it
shall not affect the validity of the remaining portions or applications of this Resolution.
SECTION 7: This Resolution shall become effective immediately upon its passage
and adoption.
January 10, 2001 - Temp. Reso. #9248 4
Revision No. 1 — January 10, 2001
Revision No. 2 -- January 12, 2001
PASSED, ADOPTED AND APPROVED this 24" day of January, 2001.
JOE SCHREIBER
MAYOR
ATTEST:
MARION-,SWENSON, CMC
CIYY C"' RECORD OF COMMISSION VO E
MAYOR SCHREIBER
DIST 1: COMM. PORTNER
I HEREBY C,�-RTIFY that I DIST 3: COMM. SULTANOF
have approved this DIST 4: V/M ROBERTS
RESOLUTION as to form
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CITY ATTOONEY
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