Submitted By: James Haynes
presenter
Presentation By: Tammi Haslam
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Department: Community Development Services
STAFF RECOMMENDATION (Motion Ready):
title
Adopt Budget Resolution 2024-117 amending the Fiscal Year 2023-24 budget to accept and appropriate 2023-2024 State Housing Initiatives Partnership (SHIP) grant funding in the amount of $461,713
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OCALA’S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable, Operational Excellence
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
The State Housing Initiatives Program (SHIP) provides funds to local governments as an incentive to create partnerships that produce and preserve affordable homeownership and multifamily housing. The program was designed to serve extremely low, very low, low, and moderate-income families.
FINDINGS AND CONCLUSIONS:
The SHIP program has appropriated $252,000,000 for the State’s 2023-2024 Fiscal Year that runs from July 1, 2023, to June 30, 2024. The City of Ocala has been awarded $747,119. Staff brought forward Budget Resolution 2023-155 to appropriate the first SHIP payment of $285,406 on August 15, 2023. The State has approved the disbursement of the second payment to the City in the amount of $461,713.
FISCAL IMPACT:
Source:
140-334-000-000-09-33485 SHIP/Dept of Comm Af $461,713
Uses:
140-050-699-559-55-12020 Salaries & Wages $ 33,000
140-050-699-559-55-21010 FICA Taxes $ 2,525
140-050-699-559-55-22012 Retirement - Gen Emp - DC $ 2,640
140-050-699-559-55-23010 Life & Health Ins. $ 8,006
140-050-699-559-55-34010 Other Services $ 375,542
140-050-699-559-55-83010 SHIP Rental $ 40,000
Total Expenses $ 461,713
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
• Adopt with Changes
• Deny
BUDGET RESOLUTION 2024-117
A RESOLUTION AMENDING THE FISCAL YEAR 2023-24 BUDGET TO ACCEPT AND APPROPRIATE 2023-2024 STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) FUNDING IN THE AMOUNT OF $461,713
WHEREAS, the State Housing Initiatives Program (SHIP) provides funds to local governments as an incentive to create partnerships that produce and preserve affordable homeownership and multifamily housing and is designed to serve extremely low, very low, low, and moderate-income families; and
WHEREAS, the SHIP program has been appropriated $252,000,000 for the State’s 2023-2024 Fiscal Year that runs from July 1, 2023, to June 30, 2024; and
WHEREAS, the City of Ocala has been awarded $747,119; and
WHEREAS, budget resolution 2023-155 to appropriate the first payment of $285,406 was adopted on August 15, 2023; and
WHEREAS, the State has approved the disbursement of the second payment to the City in the amount of $461,713.
NOW THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF OCALA, FLORIDA, duly assembled in regular session, that the Fiscal Year 2023-24 budget be amended as outlined below to appropriate funding as follows:
SOURCE:
140-334-000-000-09-33485 SHIP/Dept of Comm Af $461,713
USE:
140-050-699-559-55-12020 Salaries & Wages $ 35,000
140-050-699-559-55-21010 FICA Taxes $ 2,683
140-050-699-559-55-22012 Retirement - Gen Emp - DC $ 3,368
140-050-699-559-55-23010 Life & Health Ins. $ 8,034
140-050-699-559-55-34010 Other Services $ 372,628
140-050-699-559-55-83010 SHIP Rental $ 40,000
Total Expenses $461,713
This resolution adopted this 19th day of December 2023.
ATTEST: CITY OF OCALA
By: By:
Angel B. Jacobs Barry Mansfield
City Clerk President, Ocala City Council
Approved as to form and legality:
By: _________________________________
William E. Sexton
City Attorney
Reviewed for accounting accuracy & completeness:
By: _________________________________
Peter A. Lee
City Manager