11-17-2020 CARES ActCARES Act-Rapid Response to
the Restaurant Community
Presented by:
Adé Ariwoola, Finance Director
Regular City Council Meeting
November 17, 2020
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Background
1.First State Grant Award
2.Grant process went live –July 1
3.Budget Amendment –July 21
4.Second State Grant Award –Sept.
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Page 3 of Budget Amendment
Presentation
Revenues:
Fund Bal. Carryforward 1.19$
COVID-19 Rev. Shortfall - Sales Tax (1.49)
COVID-19 Rev. Shortfall - Bldg. Permit (1.06)
COVID-19 Grant from the State 2.93
CD Grant 0.10
Police Contract 0.47
Transfer from Utility Tax Fund 0.85
CD Lien Recovery 0.03
Automation Revenue (0.14)
King County COVID-19 Grant 0.15
Total Revenues 3.03$
GENERAL FUND - Fund 001
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Page 4 of Budget Amendment
Presentation
Appropriation:
Target Condemnation 0.85$
COVID-19 Grants to local businesses 2.03
Grant Administration 0.08
COVID-19 Truck 0.20
COVID-19 Supplies 0.21
Police OT for Contract 0.47
Eye on FW 0.06
DBC 0.26
PAEC 0.16
FWCC 0.57
County Grant for COVID-19 0.15
Court COVID-19 0.06
SCORE Savings (2.10)
Total Appropriation 3.00$
GENERAL FUND - Fund 001
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Contract Amendment
Council briefing: September 15, 2020
Mayor Signed New contract:September 22,2020
Additional funding: $1,467,600
Contract end date extended: Oct. 31,2020 to Nov. 30, 2020
Contract terms: Remain the same
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Second Grant Distribution
1.Computer Equipment for IT $337k
2.Vehicles for Public Works 360k
3.Cleaning, facility upgrade for Parks 309k
4.Budget System for Finance 362k
5.Additional fund for grants 99k
Total $1,467k
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Distribution of $2.03 million
Original allocation $2,030,200
Council reallocation:
Rent assistance 500,000
Daycare program 200,000
Balance 1.303,000
Grant awarded to-date 869,000
Balance $434,000
Additional funding from Second grant 99,235
Estimated balance as of now $533,235
Mayor will request spending of up to $600,000 during
2020 Budget amendment in order to prevent
underutilization of the fund
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Questions