Applies to
All departments
Sixty days prior to end of a program year, U.S. Housing and Urban Development (HUD) requires the City to have a CDBG line of credit balance no more than 1.5 times its current program year CDBG budget allocation. Reprogramming of CDBG project funds may be necessary to meet this requirement. Reprogramming is required in cases of a project being found ineligible for CDBG.
All departments
Financial policies are adopted each year as part of the City budget.
Council approval: July 1, 1988
Last revised: December 12, 2023, Resolution 2023R-382
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Phone
Address
Physical AddressPublic Service Center250 S. Fourth St., Room 401Minneapolis, MN 55415 Mailing AddressCity Hall350 S. Fifth St., Room 325MMinneapolis, MN 55415