Agenda - Council - 07/28/2020 - Laserfiche WebLink

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CC Regular Session Meeting Date: 07/28/2020 By: Diana Lund, Finance 5. 10. Information Title Adopt Resolution #20-157 Accepting Coronavirus Relief Funds from State of Minnesota and Certifying That it Will Honor All Commitments and Maintain Required Information and Documentation. and Adopt Resolution #20-158 Allocating Coronavirus Aid, Relief, and Economic Security Act Funds (Known as CARES Act Funds) to Economic Recovery Activities and Adopt Resolution #20-159 Allocating Coronavirus Aid, Relief, and Economic Security Act Funds (Known as CARES Act Funds) to Local Government Activities. Purpose/Background: The City has received $2,038,029 in CARES Act Funding from the Federal Government through the State of Minnesota in response to the COVID-19 Public Health Emergency. The CARES Act funds are considered Federal Assistance that is subject to Single Audit Requirements. The CARES Act provides that payments from the Fund may only be used to cover costs that 1. Are necessary expenditures incurred due the the public health emergency with respect to the Coronavirus Disease 2019 (COV1D-19). 2. Were not accounted for in the budget most recently approved as of March 27, 2020 (the date of enactment of the CARES Act) for the City; and 3. Were incurred during the period that begins on March 1, 2020 and ends on November 15, 2020. The attached resolutions: #20-157: Accept the CARES Act Funds #20-158: Allocate $215,000 of CARES Act Funds to a Business Relief Grant Program (Acceptance of this Program and Guidelines are outlined in the next agenda item) #20-159: Allocating $1,823,029 of Cares Act Funds to the Local Government for expenditures related to: Reimbursing City staff costs, facility modifications, telework support and other costs. The CARES Act Fund allows local government to reimburse themselves for costs that were not included in the most recent budget that was adopted or that were budgeted but have been incurred for a substantially different use from what was intented as a result of the COVID-19 public health emergency. The CARES Act presumes for administrative convenience that the total payroll costs for public health and public safety employees are payments for services substantially dedicated to mitigating or responding to the COVID--19 public health emergency. Any adjustments to the cost allocations noted in the attached resolutions related to the Business Relief Grant Program and Local Government expenditures will be made by Resolution at a future City Council meeting.