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HomeMy WebLinkAboutMINUTES - 03272001 - C.58 S F: _ .; Con rf Costa County sT'9--------- TO: r�TO: BOARD OF SUPERVISORS FROM: Dennis M. Barry, AICP Community Development Director DATE: March 27 , 2001 SUBJECT: USED OIL RECYCLING BLOCK GRANT SPECIAL REVENUE FUND SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION I . RECOMMENDED ACTION: Direct the Auditor-Controller to establish a separate interest-bearing special revenue fund "111900" to be used for the "Used Oil Recycling Block Grant" and administered by the Community Development Department. DIRECT the Treasurer-Tax Collector to deposit all interest earned on investments of funds from Special Revenue Fund 111900 back into that fund. II . FINANCIAL IMPACT: This action would allow the Community Development Department staff to comply with the "Used Oil Recycling Block Grant" requirements. It will also allow the use of additional interest funds for otherwise unrecoverable "Used Oil Recycling Block Grant" expenses. III . REASONS FOR RECOMMENDATIONS AND BACKGROUND: In November 2000 the Community Development Department was awarded the "Used Oil Recycling Block Grant" by the State of California Environmental Protection Agency. The "Used Oil Recycling Block Grant" requires that we keep the funds separate and in an interest bearing account. IV. CONSEQUENCES OF NEGATIVE ACTION: If Community Development Department does not comply with "Used Oil Recycling Block Grant" requirements we would forfeit the current grant, losing$55,591.00 in revenue. Additionally we would probably not receive any future "Used Oil Recycling , Block Grant" awards. CONTINUED ON ATTACHMENT: YES SIGNATURE ✓RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMiiThATION OF BOAR COMMITTEE APPROVE OTHER SIGNATURE(S) :9"'L ACTION OF BO D ON March 27, 2001 APPROVED AS RECOMMENDED XX OTHER VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A _XX_UNANIMOUS (ABSENT - - - - - - - TRUE AND CORRECT COPY OF AN AYES: NOES: ACTION TAKEN AND ENTERED ON THE ABSENT: ABSTAIN: MINUTES OF THE BOARD OF SUPERVISORS ON THE DATE SHOWN. Orig: Judy Coons (925) 335-1287 ATTESTED 'March 27, 2001 cc: Community Development Department Auditor-Controller JOHN SWEETEN, CLERK OF County Administrator THE BOARD OF SUPERVISORS Judy Coons (CDD) A COUNTY NISTRATOR BY DEPUTY