CITY OF ALAMEDA RESOLUTION NO.____
AMENDING THE GRANTS FUND BUDGET (222) TO APPROPRIATE
AN ADDITIONAL $2,555,844 FOR HOMEKEY 2.0 GRANT PROJECT
(G24030)
WHEREAS, on June 21, 2022, the City Council adopted a budget representing the financial plan for conducting the affairs of the City of Alameda for the Fiscal Year beginning July 1, 2022 and ending June 30, 2023; and
WHEREAS, staff is proposing that Grants Fund (222) expenditure appropriations and revenue budget for Homekey 2 grant project be increased by $2,555,844 to reflect receipt of grant funds from the California Department of Housing and Community Development; and
WHEREAS, City Council has considered the report and recommendations of the Interim City Manager on the budget amendment and has determined that the budget amendment is both fair and appropriate; and
WHEREAS, this budget ensures that the City of Alameda has exercised prudent judgment in its fiduciary responsibility as guardian of the public tax dollars.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Alameda that t h e budget amendment to the Homekey 2.0 Grant Project (G240 30) budget is approved for revenue and expenditure estimates of $2,555,844.
* * * * * *
I, the undersigned, herby certify that the foregoing Resolution was duly and regularly adopted and passed by the Council of the City of Alameda in a regular meeting assembled on the 18th day of October 2022, by the following vote to wit:
AYES:
NOES:
ABSENT:
ABSTENTIONS:
IN WITNESS, WHEROF, I have hereunto set my hand and affixed the seal of said City this 19th day of October 2022.
Lara Weisiger, City Clerk
City of Alameda
APPROVED AS TO FORM:
Yibin Shen, City Attorney
City of Alameda