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Council Meeting of August 17, 1999 <br />Reprogramming of CDBG Funds <br />Page 2 <br />ALTERNATIVES: <br />Deny the reprogramming request and retain the full amount of $34,775 in the <br />Contingency/Unprogrammed Fund Account, for future allocation to the Colton Museum <br />Restoration Project. <br />FINANCIAL IMPACT: <br />There is no financial impact to the City General Fund. The $8,250 are federal funds <br />derived from the City's CDBG allocation for Fiscal Year 1999-2000. <br />David R. Zarnora,&,TMunity Development Director <br />ENVIRONMENTAL IMPACT: <br />None. <br />RECOMMENDATION: <br />Staff recommends the City Council approve the reprogramming of $8,250 of CDBG <br />funds from the "Colton Contingency/Unprogrammed Funds" to the activity, "Ballfield <br />Improvements -Max Lofy Park"; and authorize the Finance Director to adjust the City <br />Budget accordingly. <br />DRZ:ALS <br />Attachment <br />