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Allocation of FY <br />Reallocation of <br />April 16, 2007 <br />Page 4 <br />FISCAL IMPACT <br />2007-08 and <br />FY 2005-06 ESG Funds <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 2007-2008 Emergency Shelter Grant account (account <br />no. 135-152-6931). <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />~~~~~ <br />Ste en G. H rding <br />Deputy City anager for <br />Development Services <br />Community Development Agency <br />SGH/NTE/FH/mlr <br />H:\ACTIONS\2007 CC\A11ocFY07-OB&Real1oc05-06ESGFUndS <br />~ ~Mr , tiar ~ 1,~~ <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />9-16-07.doc <br />25E-4 <br />