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Approve an Appropriation Transfer Request to recognize an unanticipated increase of $40,000 of Federal U.S. Department of Housing & Urban Development (HUD) revenue and increase Other Professional Services in Resource Management's budget for the Solano County Housing Authority for FY2018/19 (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 Approve an Appropriation Transfer Request to recognize an unanticipated increase of $40,000 of Federal U.S. Department of Housing & Urban Development (HUD) revenue and increase Other Professional Services in Resource Management's budget for the Solano County Housing Authority for FY2018/19 (4/5 vote required).
SUMMARY/DISCUSSION:
The Solano County Housing Authority (SCHA), under an agreement with U.S. Department of Housing and Urban Development (HUD), provides housing assistance to income qualified individuals in unincorporated Solano County and the cities of Dixon and Rio Vista through the Section 8 voucher program, which issues vouchers to offset rent for participating rental housing units. Since July 2002, the City of Vacaville (City), through its Housing Authority, administers this program on SCHA's behalf though a contract with SCHA. This includes the administration and financial management of the Section 8 Housing Assistance Program and the Family Self-Sufficiency Program. For budgetary purposes, the County is a "pass through" agency for this program, collecting the money from HUD for the program and providing it to the City for implementation.
For FY2018/19, it was estimated that HUD would provide $2,300,000 in funding for this program. HUD has now increased its funding to SCHA by $40,000 and there is a need to increase the SCHA budget to recognize the increased revenue and to increase the expense in order to pass the funding on to the City...
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