HomeMy WebLinkAboutCopy of VC CDBG Cost Compairson_ (003Comparison Example
City Estimated Entitlement Allocation ($400,000)
City's Public Service cap (MC-15%; CC-12-14%)
City's Administrative Cap (MC - 30%; CC - 0%)
MC - County receives 70% of the 20% Admin Allowance
CC - County receives 100% of the Admin Allowance
City's Eligibility for County's ESG Program (MC - 0; CC - $30k)
City's Eligibility for County's HOME Program (MC - 0; CC - $170k)
City enters into a multi-year Joint Recipient Cooperative Agreement with County and annual supplemental Agreements.
Amount Available for Community Projects
Est. General fund Admin costs to join County Coop Program
(General fund reimbursed from MC admin cap $24K)
*Based off an estimated award
*General Fund currently covers annual staff costs to administer CDBG est. at $200,000/year (does not include cost to administer HOME/ESG programs
Metro City
400000
60000
24000
0
0
316000
80000
Cooperating City
280000
39200
30000
170000
240800
50000