Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Get email alerts on the Cdbg Disbursement topic

No spam. Unsubscribe anytime.

Lockport authorizes Finance director to disburse CDBG funds without separate council resolution

City of Lockport Common Council · October 23, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

To comply with 2 C.F.R. §200.305 and NYS Office of Community Renewal guidance, the council authorized the Director of Finance to disburse Community Development Block Grant funds immediately once disbursement criteria are met, eliminating the need for individual council resolutions for each disbursement.

The Lockport Common Council on Oct. 23 passed a resolution (102324.10) authorizing the Director of Finance and the Treasurer's Office to disburse Community Development Block Grant (CDBG) funds immediately when disbursement criteria are met, without requiring a separate Common Council resolution for each disbursement.

The resolution cites 2 C.F.R. §200.305, which requires recipients to minimize the time between receipt and disbursement of federal funds, and notes prior instances where disbursements exceeded recommended days. The blanket authorization is intended to ensure future disbursements occur within four or fewer business days and to meet NYS Office of Community Renewal monitoring requirements. The motion was seconded by Alderman Lupo and adopted by a vote of 5–0.

Council language indicates this procedural change aims to speed compliance and reduce the administrative need to schedule individual disbursements around council meetings.