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 #_________________
___...
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