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Permanent Local Housing Allocation <br />November 19, 2024 <br />Page 2 <br />4 <br />6 <br />7 <br />1 <br />FISCAL IMPACT <br />Approval of the appropriation adjustment will recognize $2,403,595 in funds from the <br />State of California in PLHA Program revenue account (No. 15818002-52025 State <br />Grant-Direct) and appropriate the same amount to the expenditure accounts as follows: <br />Fiscal <br />Year <br />Accounting <br />Unit-Account <br />Fund Description Accounting Unit, <br />Account Description <br />Amount <br />FY 24-25 15818703- <br />69135 <br />Permanent Local <br />Housing Allocation <br />2023 Round 4 <br />PLHA Round 4, <br />Payment to Subagent <br />$ 2,283,415.25 <br />FY 24-25 15818703- <br />61XXX <br />Permanent Local <br />Housing Allocation <br />2023 Round 4 <br />PLHA Round 4, Salary <br />and Benefits <br />$120,179.75 <br />Total:$2,403,595.00 <br />Any remaining balances not expended at the end of the fiscal year will be presented to <br />the City Council for approval of carryovers to FY 2025-26. <br /> <br />EXHIBIT(S) <br />1. Award Announcement - Permanent Local Housing Allocation Program Round 4 <br />Submitted By: Michael L. Garcia, Executive Director of Community Development <br />Approved By: Alvaro Nuñez, City Manager