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Consider Enacting a Budget Ordinance Amendment for CARES Act Funding.
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Staff:
Department:
Maurice Jones, Town Manager
Manager's Office
John Richardson, Community Resilience Officer
Amy Oland, Business Management Director
Business Management
Overview: On May 29th, 2020, the Town received an allotment of $746,410 from Orange County for the Coronavirus Relief Fund1 (CRF). This funding is part of the larger federal economic relief package known as the Coronavirus Aid, Relief, and Economic Security (CARES2) Act. The CRF provides financial resources to state, local and tribal governments to help navigate COVID-19. See the attached Staff Report for additional details about funding categories, possible expenses and anticipated amounts.
Recommendation(s):
That the Council enact the attached budget ordinance amendment for the Grants Fund to recognize and appropriate the CARES Act funding.
Fiscal Impact/Resources: If the Council enacts the attached budget ordinance amendment, this will add $746,410 to the Town's FY2019-20 budget. Any remaining funding not spent by June 30th will then be carried forward to the FY2020-21 budget. All eligible expenses must be incurred no later than December 30, 2020.
Where is this item in its process?
Attachments:
* Budget Ordinance Amendment
* Draft Staff Presentation
* Staff Report
AN ORDINANCE TO AMEND "THE ORDINANCE CONCERNING APPROPRIATIONS AND THE RAISING OF REVENUE FOR THE FISCAL YEAR BEGINNING JULY 1, 2019" (2020-06-24/O-6)
BE IT ORDAINED by the Council of the Town of Chapel Hill that the Budget Ordinance entitled "An Ordinance Concerning Appropriations and the Raising of Revenue for the Fiscal Year Beginning July 1, 2019" as duly adopted on June 12, 2019, be and the same is hereby amended as follows:
ARTICLE I
ARTICLE II
This the 24th day of June, 2020.
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The Agenda will reflect the text below and/or the motion text will be used during the meeting.
presenter
PRESENTER: Maurice Jones, To...
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