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Consider Enacting a Budget Ordinance Amendment for the Second Allocation of 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: The Town has received a second allotment of $806,852 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. The Staff Report includes additional details about funding categories, possible expenses and anticipated amounts. The draft presentation contains updates about projects that were funded using the first allotment of CARES funding.
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 $806,852 to the Town's FY20-21 Grants Fund budget. Similar to the first allotment of funds, all eligible expenses must be incurred no later than December 30, 2020.
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, 2020" (2020-09-30/O-1)
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, 2020" as duly adopted on June 24, 2020, be and the same is hereby amended as follows:
ARTICLE I
ARTICLE II
This the 30th day of September, 2020.
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