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<br />Allocation of FY 06-07 and Reallocation <br />of FY 03-04, FY 04-05, and FY 05-06 ESG Funds <br />April 3 2006 <br />Page 4 <br /> <br />FISCAL IMPACT <br /> <br />HUD provides ESG funds to the City. Funds will be utilized for eligible <br />acti vi ties by non-profit homeless service agencies and the City. No <br />additional City funding is necessary; thus, the only fiscal impact on the <br />City is that of ongoing administration. Funds for subrecipients will be <br />available in the FY 2003-2004, FY 2004-2005, FY 2005-2006, and FY 2006- <br />2007 Emergency Shelter Grant account (account no. 135-152-6931). <br /> <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br /> <br />vrtC01 <br /> <br />loU'atricia <br />1) Executiv <br />Community <br /> <br /> <br />~ <br /> <br />Whitaker <br />Director <br />Development Agency <br /> <br />~ ~-.? '--:> <br /> <br />~~~rancisco Gutierrez <br />lI~~xecutive Director <br />Finance & Management Services Agenc;;1~ <br /> <br />PCW/NTE/FH/mlr <br /> <br />H:\ACTIONS\2006 CC\AllocFY06-07&ReallocFY03-04-04-05&05-06ESGFunds 4-3-06.doc <br /> <br />200-4 <br />