Fiscal_Impact_Statement_CDBG-CV_Rvs.pdf
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- Attached to
- Decontamination Equipment, Supplies and Training
- Solicitation number
- IFB25-0386
- Issued by
- Orange County, Orlando City, Florida
About this file
This is a Fiscal Impact Statement from the City of Orlando dated October 1, 2018, documenting the city's application for a $1,586,717 CDBG-CV (Community Development Block Grant - Coronavirus) grant administered by the Florida Department of Economic Opportunity with funding from the US Department of Housing & Urban Development. The grant is designed to prepare for, prevent, and respond to COVID-19 and represents a multi-department initiative that will impact the Minority Business Enterprise (MBE), Executive Offices, Facilities, Families Parks & Recreation, and Fire departments. The grant requires no personnel costs and allocates the full amount to operating/capital expenses for the current fiscal year with no estimated annualized costs thereafter.
The $1,586,717 in funding will not come from the departments' current year budgets but will be recognized in future Budget Resolution Committee (BRC) meetings. The revenue source is the non-recurring CDBG-CV grant, and expenses will be recorded across three funding sources within the 1130_F Grant Fund. The allocation breakdown includes $277,000 for Facilities and $250,000 for MBE (totaling $527,000), $600,000 for Executive Offices and $123,000 for the Office of Financial Development (totaling $723,000), and $336,717 for Families Parks & Recreation. All cost centers, projects, and grant details are marked as "to be determined" (TBD) at the time of this statement.
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Text version
FIS 10/1/18
Fiscal Impact Statement
Indicate the Total Fiscal Impact of the action requested, including personnel, operating, and capital costs. Indicate costs for the current fiscal year and annualized costs. Include all related costs necessary to place the asset in service.
Description: City of Orlando is applying for a $1,586,717 CDBG-CV grant administered by the Florida Department of Economic Opportunity with funding from the US Department of Housing & Urban Development to prepare for, prevent and respond to Covid-19. The grant is a multi-department initiative that will impact the following departments: MBE, Executive Offices, Facilities, Families Parks & Recreation and Fire.
Expenses
Will the action be funded from the Department’s current year budget? ☐ Yes ☒ No
If No, please identify how this action will be funded, including any proposed Budget Resolution Committee (BRC) action(s). The grant will be recognized in the budget at a future BRC meeting
Current Fiscal Year Estimated Annualized Cost Estimate Cost Thereafter
Personnel $0 $0
Operating/Capital $1,586,717 $0
Total Amount $1,586,717 $0
Comments (optional): .
Revenues
What is the source of any revenue and the estimated amount? CDBG-CV Grant Amount $1,586,717
Is this recurring revenue? ☐ Yes ☒ No
Comments (optional): (enter text here)
Funding
Expenses/Revenues will be recorded to:
Source #1 Source #2 Source #3
Fund 1130_F Grant Fund 1130_F Grant Fund 1130_F Grant Fund
Department /Division FAC / MBE EXE / OFD FPR
Cost Center/Project/Grant TBD / TBD TBD / TBD TBD / TBD
Total Amount $277,000 / $250,000 $600,000 / $123,000 $336,717
File details come from the government source that posted it. Updated .