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2 <br /> Housing Collaborative coordinates the funding process for the HOME program, accepts <br /> and reviews applications from local housing organizations, and presents <br /> recommendations to the elected bodies of each jurisdiction for funding approval. <br /> Orange County received less than was budgeted for this grant from HUD which is <br /> reflected in this budget amendment. The revised revenue and expenditure budget for <br /> the 2024-25 HOME Grant will be $491,957. <br /> Revised 2024-25 HOME Grant($47,481) - Project#47325 <br /> Revenues for this project: <br /> Current FY 2024-25 FY 2024-25 <br /> FY 2024-25 Amendment Revised <br /> Grant Revenue $429,496 $ (62,482) $367,014 <br /> Program Income $13,306 $15,000 $28,306 <br /> Municipal Contributions $58,465 $484 $58,949 <br /> Transfer from General Fund $38,171 ($483) $37,688 <br /> Total Project Funding $539,438 $ (47,481) $491,957 <br /> Appropriated for this project: <br /> Current FY 2024-25 FY 2024-25 <br /> FY 2024-25 Amendment Revised <br /> Project Expenditures $539,438 ($47,481) $491,957 <br /> Total Costs $539,438 ($47,481) $491,957 <br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports: <br /> • GOAL 3: HOUSING FOR ALL <br /> OBJECTIVE 1. Allocate predictable funding sources to contribute or support adding <br /> to affordable housing stock. <br /> Finance & Administrative Services <br /> 3. The County Finance & Administrative Services Department, in keeping with best <br /> practices, will be conducting a routine Payroll Audit with a not-to-exceed cost of <br /> $35,000. Local governments regularly review key treasury functions to enhance the <br /> current policies and procedures. This budget amendment provides for the appropriation <br /> of$35,000 from the General Fund fund balance to cover this cost of these services. <br /> ALIGNMENT WITH STRATEGIC PLAN: There are no Orange County Strategic Plan <br /> Goals applicable to this item. <br /> Library Services <br /> 4. Library Services has received the following additional funds: <br /> • Library Services and Technology Act (LSTA) — The department has received a <br /> grant scholarship for$1,801. This scholarship will allow staff to attend a professional <br /> conference. <br />