Number
021465
Version
SUBSTITUTE 1
Sponsor
THE CHAIR
Title
Substitute resolution authorizing additional Community Development Block Grant (CDBG) funding up to $69,000 for the Accounting and Auditing Services Project for the 2003 program year.
Analysis
This substitute resolution authorizes the Community Block Grant Administration to award additional CDBG funding up to $69,000 to the Comptroller's Office for the Accounting and Auditing Services Project for the 2003 funding period.
Body
Whereas, Pursuant to the monitoring requirements of OMB Circular A-133, pass-through entities that receive direct federal financial assistance are responsible for ensuring that their subreceipients comply with all relevant laws and regulations; and
Whereas, Some of the tools used to fulfill the monitoring responsibilities are desk and fiscal site reviews; and
Whereas, The current funding level for the Accounting and Auditing Services project is insufficient to cover administrative costs for the 2003 funding period and will trigger less fiscal reviews due to a budget shortfall up to $69,000; and
Whereas, Insufficient fiscal reviews may result in audit findings and questioned costs, and subsequent loss of federal funding; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Community Block Grant Administration is authorized and directed to award the additional CDBG funding of up to $69,000 to the City Comptroller's Office; and, be it
Further Resolved, That the Comptroller's Office is required to submit a budget amendment to reflect the increased funding and according to any conditions approved by the Common Council and the Mayor, in conformance with File Number 74-92-5v; and, be it
Further Resolved, That payments for CDBG costs incurred shall be paid in accordance with approved CDBG reimbursements policy based on the approval by the Community Block Grant Administration and City Comptroller of a Budget Forecast (CDA-51).
Drafter
Cio:cio
01-24-03
Ref: RES_ADDIT'L-FUNDS