Finance Item/Grant Request Template
Date Submitted: 10-28-19
Requesting Agency: Finance
Division:
Subject Matter Expert Name:
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Name: Rachel Bardin and Stephanie Adams |
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Email: Rachel.Bardin@denvergov.org; Stephanie.Adams@denvergov.org |
Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney’s Office should enter the title above the description (the title should be in bold font).
Both the title and description must be entered between the red “title” and “body” below. Do not at any time delete the red “title” or “body” markers from this template.
title
A bill for an ordinance establishing a new fund in the Community Development Special Revenue Fund Series for the “Homeless Services Donations Fund”, and transferring the cash balance associated with the “Homeless Services Donations Fund” from the Human Services Special Revenue Fund Series.
Establishes the Homeless Services Donations Fund in the Community Development Special Revenue Fund Series under the administration of the Department of Housing Stability and transfers the cash balance from the Homeless Services Donations Fund in the Human Services Special Revenue Fund Series for receiving public donations to support homeless services. The Committee approved filing this item at its meeting on 11-5-19.
body
Affected Council District(s) or citywide? Citywide
Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.
As a part of the creation of the Department of Housing Stability (HOST) in the 2020 Budget, funding that supports staffing and programs dedicated to individuals experiencing homelessness is moving from Denver Human Services (DHS) to HOST. This fund was previously managed by Denver Human Services and serves as a vehicle for receiving public donations to support homeless services.
This ordinance establishes a new Homeless Services Donations Fund, Fund No. 16703, in the Community Development Special Revenue Fund Series, which will be administered by HOST. The cost center will be 0145100. The fund is cash-basis and non-lapsing.
This ordinance also authorizes the transfer of the cash balance from the current Homeless Services Donations Fund in the Human Services Special Revenue Fund Series, Fund No. 13704. The cash balance in Fund 13704 is currently approximately $652,000. The amount transferred to the new Homeless Services Donations Fund (16703), may be adjusted in 2020 based on transactions that occur between now and year-end close.
Additionally, the Human Services Homeless Services Donations Fund in the Human Services Special Revenue Fund Series will be closed when all aforementioned transactions are complete.
Type (choose one: Grant; Supplemental; Fund Creation; Fund Rescission; Fund Transfer; Appropriation; Other):
Amount:
Budget Year:
Fund and Funding Source (Fund/Org/Grant Number, if applicable):
Grantor (if applicable):
Fund Matching Requirements (if applicable):
Fiscal Impact: