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Comment: As indicated, the revenue in question resides in the Temporary <br /> Recession and the Capital Projects Reserve Funds. While the Council can <br /> create a new fund for the purpose of providing revenue for yet to be <br /> determined projects, the action does not idamentally change the issue at <br /> hand which is appropriating the available revenue to specific projects. <br /> However, if the City Council has an interest in further analyzing the <br /> recommended projects as well as further reviewing alternative projects, the <br /> two funds could be placed in a "New Project Fund" until the additional <br /> review was completed. <br /> <br /> 4. Use an undetermined portion of the money to fund additional projects which <br /> are listed as "unfunded" in the City's Capital Improvement Program. <br /> <br /> Comment: With the exception of $200,000 to support community groups <br /> and $150,000 for continued data processing upgrades, all of the projects <br /> recommended by staff are included in the Capital Improvement Program as <br /> unfunded projects. However, the Council has the discretion to appropriate <br /> these reserves to other unfunded CIP projects. <br /> <br />Community. Development Block Grant Program (CDBG) <br /> <br />As the Council recalls, this past April the recommendations of staff and the Human <br />Services Commission relative to CDBG funding was approved by the Council. While this <br />action authorizes staff to begin the process of preparing contracts for grant recipients, the <br />actual appropriation of CDBG funding occurs with adoption of the Operating Budget. <br />Since the CDBG approvals occurred during this fiscal year, it is necessary to approve <br />funding of the CDBG projects at this time. A listing of the previously approved CDBG <br />projects is included on page 28 of the mid-term budget. <br /> <br />Qptions for Mid-Term Budget Approval <br /> <br />Due to the reprogramming of the Temporary Recession and the Capital Projects Reserve <br />Funds, them are a number of options available to approve the mid-term budget. These <br />options are as follows: <br /> <br />1. Adopt the budget as submitted This option would adopt the budget as <br /> recommended including the reprogramming of the Temporary Recession Reserve <br /> and the Capital Projects Reserve. <br /> <br />2. Adopt the mid-term budget as submitted excluding the reprogramming of the <br /> Temporary Recession Reserve and the Capital Projects Reserve fun& which wouM <br /> be continued for further analysis and review as directed by Council - If this action <br /> <br /> SR 96:197 <br /> 10 <br /> <br /> <br />