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Approve an Appropriation Transfer Request to recognize an unanticipated increase of $150,000 in federal revenue from the U.S. Department of Housing and Urban Development (HUD) and an equal increase in Other Professional Services in the Solano County Housing Authority’s FY2024/25 Working Budget (4/5 vote required)
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Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
The Department of Resource Management recommends that the Board of Supervisors approve an Appropriation Transfer Request (ATR) to recognize an unanticipated increase of $150,000 in federal revenue from the U.S. Department of Housing and Urban Development (HUD) revenue and an equal increase in Other Professional Services in the Solano County Housing Authority’s FY2024/25 Working Budget (4/5 vote required).
SUMMARY/DISCUSSION:
The Solano County Housing Authority (SCHA), through an agreement with HUD, administers the Section 8 Housing Assistance Program (Program) for the unincorporated areas of Solano County as well as the cities of Dixon and Rio Vista. SCHA contracts with the City of Vacaville to manage the day-to-day operations of the program. This increase in revenues and expenditures is a result of increases to unit rental amounts throughout the county, resulting in an increase in HUD reimbursement. The increase in HUD funding will be transferred to the City of Vacaville, which oversees the Program’s administration.
FINANCIAL IMPACT:
Approval of the recommended ATR would have no additional financial impact as the increase in appropriation is fully offset by HUD revenue and is passed through to the City of Vacaville. The costs associated with preparing the agenda item are nominal and absorbed by the department’s FY2024/25 Working Budget.
ALTERNATIVES:
The Board may choose not to approve the Appropriation Transfer Request; however, this is not recommended as the funding pays for housing assistance for Solano County residents.
OTHER AGENCY INVOLVEMENT:
Funding for the SCHA Housing Choice Voucher program is provided by HUD. Through a mutually approved Agreement, the City of Vacaville administers the program on behalf of the County.
CAO RECOMMENDATION:
APPROVE DEPARTMENTAL RECOMMENDATION