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HomeMy WebLinkAbout312-20 RESOLUTION O FF AYf f\ \RkAryS PS 113 West Mountain Street Fayetteville,AR 72701 (479)575-8323 Resolution: 312-20 File Number: 2020-1040 CARES ACT FUNDS: A RESOLUTION TO AUTHORIZE ACCEPTANCE OF CARES ACT FUNDS IN THE AMOUNT OF$2,915,062.00,AND TO APPROVE A BUDGET ADJUSTMENT WHEREAS,on October 6,2020,the City Council approved Resolution 236-20 authorizing the Mayor to apply for CARES Act funding through the State of Arkansas for reimbursement of eligible public safety personnel expenses. NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,ARKANSAS: Section 1: That the City Council of the City of Fayetteville,Arkansas hereby authorizes the acceptance of Coronavirus Aid,Relief,and Economic Security Act funds in the amount of $2,915,062.00 for reimbursement of eligible public safety personnel expenses,and further authorizes Mayor Jordan to sign any documents required to receive the funds. Section 2: That the City Council of the City of Fayetteville,Arkansas hereby approves a budget adjustment,a copy of which is attached to this Resolution. PASSED and APPROVED on 12/15/2020 Page 1 Printed on 12/17/20 Resolution: 312-20 File Number: 2020-1040 Approve : Attest: ``oilitttrrrrrf�� ��• •GITY •:`tp •G Li veld Jorda yor Kara Paxton, City Clerk Treasurtr • ckk •Fn• • -9 . •.SSA ON CO N�0%` -1111411110"Page 2 Printed on 12/17/20 City of Fayetteville, Arkansas 113West Mountain Street • Fayetteville,AR 72701 (479)575-8323 Text File 9k� i File Number: 2020-1040 Agenda Date: 12/15/2020 Version: 1 Status: Passed In Control: City Council Meeting File Type: Resolution Agenda Number: A.9 CARES ACT FUNDS: A RESOLUTION TO AUTHORIZE ACCEPTANCE OF CARES ACT FUNDS IN THE AMOUNT OF $2,915,062.00,AND TO APPROVE A BUDGET ADJUSTMENT WHEREAS,on October 6,2020,the City Council approved Resolution 236-20 authorizing the Mayor to apply for CARES Act funding through the State of Arkansas for reimbursement of eligible public safety personnel expenses. NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,ARKANSAS: Section 1: That the City Council of the City of Fayetteville,Arkansas hereby authorizes the acceptance of Coronavirus Aid, Relief,and Economic Security Act funds in the amount of$2,915,062.00 for reimbursement of eligible public safety personnel expenses, and further authorizes Mayor Jordan to sign any documents required to receive the funds. Section 2: That the City Council of the City of Fayetteville,Arkansas hereby approves a budget adjustment,a copy of which is attached to this Resolution. City of Fayetteville,Arkansas Page 1 Printed on 12/16/2020 City of Fayetteville Staff Review Form 2020-1040 Legistar File ID 11/25/2020 City Council Meeting Date-Agenda Item Only N/A for Non-Agenda Item Paul Becker 12/15/2020 CHIEF FINANCIAL OFFICER (110) Submitted By Submitted Date Division/ Department Action Recommendation: Acceptance and appropriation of Cares Act Funding and approval of a Budget Adjustment. Budget Impact: 2245.800.9245-4309.01 Cares Act Grant Account Number Fund 20022.2020 Cares Act Funding Project Number Project Title Budgeted Item? No Current Budget $ - Funds Obligated $ Current Balance $ �^ Does item have a cost? No Item Cost Budget Adjustment Attached? Yes Budget Adjustment $ 2,915,062.00 Remaining Budget $ 2,915,062.00 V20180321 Purchase Order Number: Previous Ordinance or Resolution# Change Order Number: Approval Date: Original Contract Number: Comments: CITY OF 911.11.- s''‘' FAYETTEVILLE CITY COUNCIL MEMO 4dir ARKANSAS MEETING OF DECEMBER 15, 2020 TO: Mayor and City Council THRU: Mayor: Lioneld Jordon FROM: Paul Becker, Chief Financial Officer DATE: November 25, 2020 SUBJECT: Staff recommends acceptance and appropriation of Cares Act Funding. RECOMMENDATION: The administration requests the Council to accept an award in the amount of $2,915,062 and approve the attached budget adjustment appropriating a transfer into the General Fund to reimburse personnel expenditures eligible for reimbursement pursuant to the approved funding request. BACKGROUND / DISCUSSION: A part of the Federal Funding Program passed by Congress to meet the challenges of the pandemic included aid to States, Counties and Municipalities. The Cares Act provided for direct funding to large Cities and State flow through funding for smaller municipalities and counties. The State has developed a program to allow counties and municipalities in Arkansas to apply for reimbursements for expenditures relating to the coronavirus from the established CRF fund. Permission to apply for funding was approved by the City Council on 10/06/2020 pursuant to Resolution 236-20. The City subsequently applied for reimbursement of eligible public safety personnel expenses which were approved by the State. This request is to appropriate the grant and budget the reimbursements requested to the General Fund. BUDGET/STAFF IMPACT: Acceptance and appropriation of this grant funding will lessen the financial impact of the pandemic on the City of Fayetteville. Attachments: Staff Review form, Staff Memo, Budget Adjustment Mailing Address: 113 W. Mountain Street www.fayetteville-ar.gov Fayetteville, AR 72701 City of Fayetteville, Arkansa: udget Adjustment Form (Legistar) Budget Year Division Adjustment Number /Org2 BUDGET & INFORMATION MGMT (133) 2020 Requestor: Kevin Springer BUDGET ADJUSTMENT DESCRIPTION /JUSTIFICATION: Acceptance and appropriation of Cares Act Funding in the amount of$2,915,062. COUNCIL DATE: 12/15/2020 LEGISTAR FILE ID#: 2020-1040 xeNLw Spr 11/24/2020 7:07 PM Budget Director Date TYPE: D - (City Council) JOURNAL #: 12/15/2020 GLDATE: RESOLUTION/ORDINANCE CHKD/POSTED: / TOTAL 2,915,062 2,915,062 v.20201112 Increase / (Decrease) Proj.ect.Sub# Account Number Expense Revenue Project Sub.Detl AT Account Name 2245.800.9245-4309.01 - 2,915,062 20022 2020 RE Federal Grants-Operational 2245.800.9245-7602.01 2,915,062 - 20022 2020 EX Transfers To Funds-General 1010.001.0001-6602.45 - 2,915,062 20022 2020 RE Transfer from Fund -Cares Act Grant 1010.001.0001-4999.99 - (2,915,062) RE Use Fund Balance-Current H:\Budget Adjustments\2020_Budget\City Council\12-15-2020\2020-1040 BA CARES ACT Funding.xism 1 of 1