TO: Honorable Mayor and Members of the City Council
FROM: Rick Otto, City Manager
1. SUBJECT
title
Appropriation of $1,729,404 in Coronavirus Aid, Relief, and Economic Security Act funds.
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2. SUMMARY
Appropriation of $1,729,404 in Coronavirus Aid, Relief, and Economic Security funds from the State of California to reimburse the City for eligible expenses incurred while addressing the COVID-19 public health emergency.
3. RECOMMENDED ACTION
recommendation
1. Accept into the City's revenue budget a $1,729,404 grant from the State of California for the Coronavirus Aid, Relief, and Economic Security Act, into revenue account number 100.0000.45150.30154 General Fund - CARES Grant State Reimbursement.
2. Authorize the appropriation of $1,729,404 into the following expenditure account numbers for General Fund - CARES Grant State Reimbursement:
$ 588,000 100.3021.50001.30154
$1,141,404 100.4021.50001.30154
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4. FISCAL IMPACT
The total appropriations for this grant are funded by the additional revenue received from the State of California.
5. STRATEGIC PLAN GOALS
Goal 2: Be a fiscally healthy community
e: Create an environment to attract, retain, and expand economic opportunities.
6. DISCUSSION AND BACKGROUND
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on March 27, 2020 and includes funds to reimburse local governments for costs related to the COVID-19 crisis. Costs are reimbursable if they are:
* Necessary expenditures due to the COVID-19 public health emergency
* Not accounted for in the most recently approved budget
* Incurred between March 1, 2020 and December 30, 2020
The State of California received $500 million in funds through the CARES Act and is distributing funds to cities based on population. The City's share of the $500 million is $1,729,404 and will be used to reimburse the City for eligible expenses incurred in its response to the COVID-19 public health emergency.
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