Title
A Resolution Accepting the Federal CARES Act Relief Fund Award
Summary
The City of Foley received a letter from the State of Alabama Department of Finance regarding the Federal CARES Act Relief Fund for state and local governments. The City of Foley has been awarded $987,582.07 for preventing, preparing for, and responding to the coronavirus. Invoices submitted for reimbursement must be a necessary expenditure due to public health emergency with respect to COVID-19, not budgeted as of March 27, 2020, and incurred between March 1, 2020 - December 30, 2020. All money not spent by December 30, 2020, shall be returned to the Alabama Department of Finance. Finance requests the following accounts be amended accordingly: #100-9200-6800 (COVID-19 Expenses) $833,834.91 ($153,478 already budgeted) and #100-9200-4300 (CARES Act Revenue) $987,582.07.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
__X__ Not budgeted requiring increase to account #100-9200-6800 (COVID-19 Expenses) $834,104.07 ($153,478 already budgeted) and #100-9200-4300 (CARES Act Revenue) $987,582.07.
Capital - Departmental
____ Budgeted under account #______________ for $___________ and described in budget as __________________________________.
____Additional amount needed, if any: Increase in budget of $_____________ OR, transfer of $___________ from Account #____________ to Account #_______________
___ Not Budgeted - account # __________________________ requires budget increase of ____________.
Capital Project - **THE PRE-PROJECT CHECKLIST AND BUDGET CHECKLIST MUST BE ATTACHED TO THIS FILE**
In current year Capital Projects Plan:
_____ Yes, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
WHEREAS, The City of Foley received a letter from the State of Alabama Department of Finance regarding the Federal CARES Act Relief Fund for state and local governments, and
WHEREAS, the City of Foley has been awarded $987,582.07 for preventing, preparing for, and responding to the coronavirus, and
WHEREAS, invoices submitted for reimbursement must be a necessary expenditure due to public health emergency with respect to COVID-19, not budgeted as of March 27, 2020, and incurred between March 1, 2020 - December 30, 2020, and
WHEREAS, all money not spent by December 30, 2020, shall be returned to the Alabama Department of Finance, and
WHEREAS, finance requests the following accounts be amended accordingly: #100-9200-6800 (COVID-19 Expenses) $833,834.91($153,478 already budgeted) and #100-9200-4300 (CARES Act Revenue) $987,582.07.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Accepts the $987,582.07 awarded to the City of Foley from the Federal CARES Act Relief Fund.
SECTION 2: Approves the following accounts be amended accordingly: #100-9200-6800 (COVID-19 Expenses) $833,834.91 ($153,478 already budgeted) and #100-9200-4300 (CARES Act Revenue) $987.582.07.
SECTION 3: This Resolution shall become effective immediately upon its adoption as required by law.