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<br />Allocation of FY 2007-08 and <br />Reallocation of FY 2005-06 ESG Funds <br />April l6, 2007 <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 2007-2008 Emergency Shelter Grant account (account <br />no. 135-l52-693l). <br /> <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br /> <br /> <br />~\\..~\'l\.t'.,~l' ..... ~. ~ . <br />Francisco Gutierrez <br />Executive Director )i <br />Finance & Management Services Agency <br /> <br />rding <br />Deputy City anager for <br />Development Services <br />Community Development Agency <br /> <br />SGH/NTE/FH/mlr <br /> <br />H:\ACTIONS\2007 CC\AllocFY07-08&Realloc05-06ESGFunds 4-16-07.doc <br /> <br />25E-4 <br />