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The first allocation of 2011-2012 ESG funds was committed in a timely manner - the bulk of these <br />funds were expended during report period. The second allocation of 2011-2012 ESG funds was not <br />received until late in the fiscal year. These funds have been committed and City staff is working <br />with sub-recipients to ensure timely use of ESG resources. HOPWA funds have been committed in <br />a timely manner for supportive services and tenant based rental assistance. <br />¦ Are any activities or types of activities falling behind schedule? <br />As previously discussed most activities are moving forward on schedule. Staff has developed a <br />strategy to address slower moving activities. <br />¦ Are grant distributions timely? <br />Aside from issues with HOME funds, no major delays in distribution of funds have been <br />encountered. <br />¦ Do actual expenditures differ substantially from letter of credit distribution? <br />Except for CDBG, IDIS does not allow the City to accrue expenses after the end of a program year <br />(June 30) even though the expense was incurred prior to June 30. This characteristic of IDIS is <br />inconsistent with established public sector accounting practices. During the report period, the <br />City's Finance Department and Community Development Agency met on a regular basis in an effort <br />to ensure that Letter of Credit balances and the City's books remained reconciled. <br />08/23/2012 35 <br />19C-43