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AA to Recognize Homeless Housing, Assistance and Prevention Program Funds <br />February 7, 2023 <br />Page 2 <br />plan. City Council approved the City's application and plan on June 7, 2022. In early <br />November 2022, Governor Newsom paused the final disbursement of funds, demanding <br />more accountability and results across the State. In late November, the City was notified <br />that the remainder of the disbursement would be received following the execution of <br />grant contracts. <br />FISCAL IMPACT <br />Approval of the appropriation adjustment will recognize $8,232,281.35 in funds from the <br />State of California, Business, Consumer Services and Housing Agency into the HEAP 8 <br />HHAP Grant revenue account (no. 12218002-52025 State Grant -Direct) and <br />appropriate the same amount into the HHAP-3 Grant expenditure accounts <br />(nos. 1 2218717-various.) <br />Any remaining balances not expended at the end of the fiscal year will be presented to <br />City Council for approval of carryovers to FY 23-24. All funds are to be used by June <br />30, 2026. <br />EXHIBIT(S) <br />1. HHAP 3 Remainder Disbursement Award Letter <br />Submitted By: Michael L. Garcia, Executive Director of Community Development <br />Approved By: Kristine Ridge, City Manager <br />City Council 18 — 2 2/7/2023 <br />