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SECTION1:INTRODUCTION <br />ThefundamentalpurposeoftheCityofSanMarcos(City)financialmanagementplanistoensurethe <br />appropriate,effective,timelyandintendeduseoffunds,whilemaintainingaccurateandcompleterecords <br />andreporting.Specifically,theSanMarcosplanensuresthat: <br />TheCitycomplieswiththerequirementsof FederalRegisterFR5938N01Allocations,Common <br />Application,Waivers,andAlternativeRequirementsforCommunityDevelopmentBlockGrant <br />(CDBG)DisasterRecoveryGranteesunderTransportation,HousingandUrbanDevelopment, <br />andRelatedAgenciesAppropriationsAct,2016(Pub.L.114113). <br />Internalcontrolsformonitoring,reportingandmanagementareinplaceandadequate; <br />Documentationisavailabletosupportaccountingrecordentries; <br />Financialreportsandstatementsarecomplete,current,reviewedperiodically;and <br />Auditsareconductedinatimelymannerandinaccordancewithapplicablestandards. <br />Asanentitlementcommunity,theCityreceivesanannualallocationofCommunityDevelopmentBlock <br />Grant(CDBG)fundsofapproximately$500,000,administeredthroughtheDepartmentofPlanning& <br />DevelopmentServices. <br />InadditiontobeinganentitlementcommunityfortheCDBGprogram,theCitywasawardedadirect <br />allocationofCDBGDisasterRecovery(CDBGDR)fundsfromtheU.S.DepartmentofHousingandUrban <br />DevelopmentundertheDisasterReliefAppropriationsActof2016(PublicLaw114113),FederalRegister <br />#5938N01(FederalRegister).ThefundsareprovidedtoassisttheCityinitsrecoveryfromtwo2015 <br />floodswhichreceivedfederaldisasterdesignation.The/źƷǤ͸ƭCDBGDRallocationisintheamountof <br />$25,080,000. <br />TheCDBGDRprogramissubjecttoandcomplieswiththeCodeofFederalRegulationsrequirementsof <br />24CFR570 CommunityDevelopmentBlockGrants,2CFRPart200 UniformAdministrativeRequirements. <br />CostPrinciples,andAuditRequirementsforFederalAwards,alongwithothercrosscuttingregulationsas <br />detailedintheFederalRegister. <br />ImmediatelyuponlearningthatSanMarcoswouldreceiveCDBGDRfunding,aDisasterRecoveryTeam <br />wascreatedconsistingofkeystaffmembersfromtheCityağƓğŭĻƩ͸ƭOffice,PlanningandDevelopment <br />Services,Engineering/CIP,CommunicationsandIntergovernmentalRelationsOffice,Finance,andLegal. <br />Cityinfrastructureprojectsaredevelopedandadministeredbythe/źƷǤ͸ƭEngineering&Capital <br />ImprovementsDepartment(Engineering)whilehousingprogramswillbeadministeredbythe/źƷǤ͸ƭ <br />PlanningandDevelopmentServicesDepartment(Planning).Overallprogramadministrationisprovided <br />bytheCommunityInitiativesDivisionofPlanningandDevelopmentServices. <br />CertainfinancialactivitiesandadministrativefunctionsfortheCDBGDRprogramsareperformedbyother <br />Citydepartments,including: <br />CityağƓğŭĻƩ͸ƭOffice Αresponsibleforgeneraloversightandqualitycontrolfunctionsassociated <br />withtheimplementationofCDBGDRprogramfunding. <br />CITYOFSANMARCOSCDBGDRFINANCIALPOLICIES&PROCEDURESMANAUAL2|P <br />AGE <br /> <br />