RECOMMENDATION(S):
ACCEPT the fiscal year 2016/17 Keller Canyon Mitigation Fund (KCMF) Year-End Report.
FISCAL IMPACT:
No General Fund impact. The fund balance in the KCMF account at the end of FY 2016/17 was $499,330. That amount will be carried forward to FY 2017/18.
BACKGROUND:
Pursuant to Section II.E. of the Keller Canyon Mitigation Fund (KCMF) Policy, a report on the use of KCMF funds in the previous year shall be presented to the Board of Supervisors by September 30 of each year. At a minimum, the report shall describe the revenue received during the year, the amount allocated and spent by each grantee, and whether or not the grantee achieved the required outcome(s) during the year.
|