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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 />FISCAL IMPACT <br />HUD provides ESG funds to the City. Funds will be utilized for eligible <br />activities 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 />APPROVED AS TO FUNDS AND ACCOUNTS: <br />v~,l a~ ~ Czc,~o <br />~atricia Whitaker <br />Executiv Director <br />Community Development Agency <br />PCW/NTE/FH/mlr <br />Francisco Gutierrez <br />~xecutive Director <br />Finance & Management Services Agenc_y~- <br />H: \ACTIONS\2006 CC\Al1ocFY06-075Aea11ocFY03-04-09-05505-06ESCFUnds 9-3-06.doc <br />20D-4 <br />