Loading...
HomeMy WebLinkAbout07 COVID-19 RELIEF FUNDS DocuSign Envelope ID:65CF223A-E760-4E47-BD81-C742D7BBD192 � � Agenda Item Reviewed: AGENDA REPORT City Manager Finance Director Y61 MEETING DATE: AUGUST 18, 2020 TO: MATTHEW S. WEST, CITY MANAGER FROM: JASON AL-IMAM, FINANCE DIRECTOR/CITY TREASURER SUBJECT: COVID-19 RELIEF FUNDS SUMMARY On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") was signed into law, which included funding for state and local government. The City of Tustin did not receive a direct federal allocation; however, the City has received allocations of CARES Act funds from the State of California and County of Orange, which must be spent on eligible expenditures directly related to COVID-19. This report recommends that the City Council accept and appropriate these funds for various expenditures to respond to COVID-19. This report also provides the City Council with an update on the status of other costs associated with COVID-19 that are eligible for reimbursement from the federal government. RECOMMENDATION Staff recommends the City Council: 1. Authorize the City Manager to Accept and Appropriate Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") funds from the State of California in the amount of $992,487; 2. Approve the State CARES Spending Plan (as outlined within this report); 3. Authorize the City Manager to Accept and Appropriate CARES Act funds from the County of Orange in the amount of$2,721,865.29; and, 4. Receive and File the Fiscal Update on COVID-19 Relief Funds. CORRELATION TO THE STRATEGIC PLAN The recommendation correlates to the City's strategic plan by implementing Goal C, strategy #4, explore opportunities for new or increased revenues. DISCUSSION The Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") established the Coronavirus Relief Fund, which provided funding to local governments with populations greater than 500,000 to cover costs related to necessary expenses incurred from March 1, 2020 through December 30, 2020 due to the public health emergency created by COVID-19. A portion of CARES Act funds received by the State of California and the County of Orange has been allocated to the City of Tustin. DocuSign Envelope ID:65CF223A-E760-4E47-BD81-C742D7BBD192 Page 2of3 COVID-19 Relief Funds State CARES Act Funds On June 26, 2020, the California Legislature approved the Fiscal Year 2020/21 budget, which included an allocation of the State's CARES Act funds to cities. The City of Tustin received an allocation of$992,487, which is required to be spent on CARES Act eligible expenses. The State has placed an additional restriction that requires the City to submit an expenditure report by September 1, 2020 and substantially spend the money by October 30, 2020. It is recommended that the City Council consider the proposed spending plan for State CARES Act funds: Proposed State CARES Spending Plan • $742,487 — Reimburse the City for payroll expenses for public safety employees whose services are substantially dedicated to mitigating or responding to COVID-19 • $250,000 — Economic assistance to small businesses and non-profit organizations for business interruption as a result of COVID-19 County of Orange CARES Act Funds — City Expenses On June 29, 2020, the City of Tustin received $681,730.37 of CARES Act funds from the County of Orange, which is restricted for specified uses and is generally intended to cover city expenses such as payroll expenses for public safety and expenses for care for homeless populations. These funds were used to reimburse the City for expenditures incurred through June 30, 2020 for public safety payroll expenses for employees whose services were substantially dedicated to mitigating or responding to COVID-19 and to care for the homeless. County of Orange CARES Act Funds — Small Business Assistance On May 29, 2020, the City received $1,912,628.63 of CARES Act funds from the County of Orange for economic support to small businesses. Small businesses may be eligible to receive a working capital grant of up to $10,000. The grant may be used for business operating expenses such as rent/lease payments, mortgage payments, utility expenses, inventory, personal protective equipment (PPE), or other similar expenses that occur in the ordinary course of operations. The City also created the Temporary Outdoor Expansion Grant Program to provide up to $2,000 for eligible businesses such as restaurants and retailers to expand their outdoor areas and activities to mitigate restrictions placed on indoor activities due to COVID-19 related State and County health orders. The City began disbursing funds to small businesses in July 2020. These funds are expected to be fully expended by December 30, 2020. County of Orange CARES Act Funds — Food Delivery Expenses On July 16, 2020, the City received $127,506.29 of CARES Act funds from the County of Orange for food delivery to residents, including, for example, senior citizens and other vulnerable populations, to enable compliance with COVID-19 public health precautions. These funds are expected to be fully expended by December 30, 2020. Federal Emergency Management Agency (FEMA) The City is eligible to receive FEMA reimbursement for certain COVID-19 related expenses. On March 31, 2020 the City Council authorized City staff to begin the recovery process with FEMA for reimbursement for eligible costs associated with protective measures related to COVID-19. DocuSign Envelope ID:65CF223A-E760-4E47-BD81-C742D7BBD192 Page 3of3 COVID-19 Relief Funds Protective measures include, but are not limited to the purchase of equipment and supplies and to assist with the COVID-19 response. As of June 30, 2020, the City had incurred $131,085.10 on FEMA eligible expenditures. The City must also meet a local share requirement for FEMA funding, ranging from 6.25% to 25% of total expenditures submitted, depending on the participation level of the State of California. U.S. Department of Housing & Urban Development— Community Development Block Grant On April 2, 2020, the City received notice of a special allocation in the amount of$498,862 to its Community Development Block Grant funds to be used to prevent, prepare for, and respond to COVID-19 (CDBG-CV). This allocation was authorized by the CARES Act. On April 21, 2020, the City Council amended the City's Action Plan by allocating CDBG-CV funding to applicable activities in response to COVID-19. These funds are available to the City on a reimbursement basis and must be spent within six years. Jason AI-Imam Finance Director/City Treasurer