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Request of Ratification by City Commission for approval of budget adjustment to appropriate funding for water assistance program.
(Fiscal Impact: $700,000)
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(Staff Contact: Andrew Jean-Pierre)
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Summary Explanation/Background:
See attached memorandum.
Origin of request for this action: Finance
Fiscal impact and source of funding: $700,000. CDBG-CV (Cares Act) federal grant funding to provide $300,000 of this amount. The remaining $400,000 to be provided by General Fund fund balance with the attached budget adjustment.
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