City Council

13.ab REVISE FISCAL YEAR 2024-25 ALLOCATION OF PERMANENT LOCAL 613\nHOUSING ALLOCATION PROGRAM FUNDS PURSUANT TO\nCONDITIONAL AWARD LETTER IN THE AMOUNT OF $439,873\nRECOMMENDATION:\n1. Authorize Director of Finance to reduce Fiscal Year 2024-25\nPermanent Local Housing Allocation (PLHA) Grant Revenue\nAccount No. 2250000-3340000 in the amount of $521,016, to\nreflect revised award in the amount of $439,873.\n2. Authorize Director of Finance to reduce PLHA Transfer Out\nAccount No. 2254199-4501000 to General Fund Account No.\n1100000-3910000 in the amount of $165,000 for a restated\nTransfer Out from PLHA of $100,000 in accordance with revised\naward from PLHA.\n3. Authorize Director of Finance to increase PLHA Transfer Out\nAccount No. 2254199-4501000 to General Fund Account No.\n1100000-391000 in the amount of $141,873 to reimburse costs\nassociated with prior year FY 2023-24 expenditures.