Submitted By: James Haynes
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Presentation By: James Haynes
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Department: Community Development Services
FORMAL TITLE:
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Community Development Block Grant 2025 grant agreement totaling $510,378
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OCALA'S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable, Operational Excellence
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
The City of Ocala is recognized as a federally entitled community based on its population and, therefore, receives an annual allotment of Community Development Block Grant (CDBG) funding. The funding for Fiscal Year 2025-26 has been awarded by the Department of Housing and Urban Development (HUD).
FINDINGS AND CONCLUSIONS:
HUD has awarded the City of Ocala $510,378 to carry out programs through CDBG that improve neighborhoods, provide decent, safe, and affordable housing, and create economic opportunities with a special focus on serving low and moderate income level people and households.
CDBG funding will be expended through strategies approved in the 2024-2028 CDBG Consolidated Plan. The funds are governed by HUD guidelines, including encumbrance and expenditure deadlines. The appropriate budget resolution appears as a separate agenda item.
Staff recommends approval.
FISCAL IMPACT:
Source:
346-331-000-000-09-33154 CDBG Entitlement Grant $ 510,378
Uses:
346-060-640-554-55-12020 Salaries & Wages - Admin $ 68,500
346-060-640-554-55-21010 FICA - Taxes Admin $ 5,241
346-060-640-554-55-22012 Retirement-Gen Emp DC - Admin $ 5,480
346-060-640-554-55-23010 Life & Health Insurance - Admin $ 9,175
346-060-640-554-55-24010 Workers' Compensation - Admin $ 104
346-060-640-554-55-40010 Travel & Training - Admin $ 3,440
346-060-640-554-55-54010 Books, Publications, Subscriptions $ 3,000
346-060-640-554-55-34010 Other Services $ 1,360
346-060-640-554-55-42010 Freight & Postage Services $ 200
346-060-640-554-55-52045 S/Ware-Subscrip...
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