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LEAP Grant Appropriation Adjustment <br />June 15, 2021 <br />Page 2 <br />ENVIRONMENTAL IMPACT <br />Pursuant to Section 15061(B)(3) of the California Environmental Quality Act, this action <br />is exempt from further review as there is no potential for any environmental impact. <br />FISCAL IMPACT <br />Approval of the appropriation adjustment will recognize $750,000 in LEAP Grant funds in <br />the Planning Grants Program Revenue, State Grant -Direct revenue account <br />(No.15816002-52025) and appropriate the same amount to the PBA LEAP Program <br />expenditure accounts (No. 15816501-Various). All funds will be available for expenditure <br />in the Fiscal Year 2020-21. Any remaining balances not expended at the end of the fiscal <br />year will be carried forward into Fiscal Year 2021-22 for expenditure. PBA will expend <br />funds for project activity eligible under the grant after the date of the release of the LEAP <br />NOFA, and then recoup the costs by invoicing HCD for reimbursement of the funds <br />expended. <br />Funds are budgeted and available in the following Planning and Building accounts: <br />Fiscal Year <br />Accounting Unit- <br />Account # <br />Fund <br />Description <br />Account Unit, <br />Account Description <br />Amount <br />FY 20-21 <br />15816002-52025 <br />Planning Grants <br />Planning Grants <br />$750,000 <br />Program <br />Program Revenue, <br />State Grant -Direct <br />FY 20-21 <br />15816501-Various <br />Planning Grants <br />PBA LEAP Program, <br />$750,000 <br />Program <br />Various <br />EXHIBIT(S) <br />1. Executed Standard Agreement <br />Submitted By: Minh Thai, Executive Director <br />Approved By: Kristine Ridge, City Manager <br />