Laserfiche WebLink
grantees are required to expend funds in a timely manner. If funds are not expended by the <br />end of the report period, the City has recaptured and reprogrammed these resources.12 <br />As previously discussed, the City received over $1.8 million in CDBG -R funding. These funds <br />were allocated to the City pursuant to approval of the American Recovery and Reinvstment Act <br />of 2009 (ARRA). Program guidelines encouraged the City to allocate these funds to an activity <br />or activities that were "shovel ready" and helped to reduce the nation's dependence carbon - <br />based fuels and that created new jobs. Santa Ana commi d these funds to the <br />reconstruction of deteriorated residential neighborhood streets. the report period over <br />$263,000 were expended. It is anticipated that the entire pro' I be completed by the end <br />of September 2010, with all CDBG -R funds expended by Nov 10. <br />HOPWA funds have been committed in a timely m for suppo ervices and tenant <br />based rental assistance. Funds for developme a new HIV /AID sing have been <br />allocated and made available to eligible project ors. <br />As previously discussed most activiti Tbuihe% ving forw schedule. The purchase of a fire <br />truck has been delayed as a result o the se manufacturer. A new vendor <br />has been awarded the contract to sing - to 12 -month delay in the <br />delivery of the truck. <br />No major delays in <br />CDBG, IDIS aq <br />year ( 30) even thou. <br />IDIS is i istent with <br />period, the Finance <br />basis in an <br />reconciled <br />ntered. <br />t1i the City to accrue expenses after the end of a program <br />e ex a was incurred prior to June 30. This characteristic of <br />Ashed public sector accounting practices. During the report <br />irtment and Community Development Agency met on a regular <br />:hat Letter of Credit balances and the City's books remained <br />u At the close of the 2009 -2010 report period, eight CDBG- funded public facility and infrastructure projects were <br />still underway. Amendments to activities may be undertaken to ensure funds are utilized in a timely manner. <br />38 08/24/2010 <br />