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ORD-2024-001-Fiscal Year 2023-24 Budget Amendment #5
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ORD-2024-001-Fiscal Year 2023-24 Budget Amendment #5
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1/17/2024 4:28:15 PM
Creation date
1/17/2024 4:27:00 PM
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BOCC
Date
1/16/2024
Meeting Type
Business
Document Type
Ordinance
Agenda Item
8-l
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Agenda 01-16-24; 8-l - Fiscal Year 2023-24 Budget Amendment #5
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 01-16-2024 Business Meeting
Agenda for January 16, 2024 BOCC Meeting
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 01-16-2024 Business Meeting
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6 <br /> the County's Area Median Income, as well as qualifying as a household with special needs <br /> including people age 62 and older, single parents, large families with 5 or more household <br /> members, children with lead hazards present in the home, as well as emergency cases. <br /> This budget amendment provides for the receipt of these funds in the Community <br /> Development Fund, and establishes the following project ordinance: <br /> NCHFA Urgent Repair 2023 ($172,000) - Project#47455 <br /> Revenues for this project: <br /> Current FY 2023-24 FY 2023-24 <br /> FY 2023-24 Amendment Revised <br /> Grant Revenue $0 $132,000 $132,000 <br /> Transfer from General Fund $0 $40,000 $40,000 <br /> Total Project Funding $0 $172,000 $172,000 <br /> Appropriated for this project: <br /> Current FY 2023-24 FY 2023-24 <br /> FY 2023-24 Amendment Revised <br /> Grant Expenditures $0 $172,000 $172,000 <br /> Total Costs $0 $172,000 $172,000 <br /> 14.NC Single Family Rehab -The Housing Department has received notification of$162,000 <br /> in grant funds from the North Carolina Housing Finance Agency (NCHFA) to be used <br /> toward the Urgent Repair Program. The Urgent Repair Program will assist five (5) <br /> homeowners with home repairs and rehabilitation. Eligibility for the program depends on <br /> household income, with income limits set at 80% of the County's Area Median Income, as <br /> well as qualifying as a household with special needs including people age 62 and older, <br /> single parents, large families with 3 or more household members, children with lead <br /> hazards present in the home, as well as emergency cases. This budget amendment <br /> provides for the receipt of these funds in the Community Development Fund, and <br /> establishes the following project ordinance: <br /> NCHFA Single Family Rehab 2023 ($162,000) - Project 47462 <br /> Revenues for this project: <br /> Current FY 2023-24 FY 2023-24 <br /> FY 2023-24 Amendment Revised <br /> Grant Revenues $0 $162,000 $162,000 <br /> Total Project Funding $0 $162,000 $162,000 <br /> Appropriated for this project: <br /> Current FY 2023-24 FY 2023-24 <br /> FY 2023-24 Amendment Revised <br /> Grant Expenditures $0 $162,000 $162,000 <br /> Total Costs $0 $162,000 $162,000 <br /> SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goals are <br /> applicable to this item: <br /> • GOAL: CREATE A SAFE COMMUNITY <br />
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