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City staff would recommend to prioritize the use of CRF funds as follows: <br /> <br />1. City direct out of pocket costs <br />2. LJFD direct out of pocket costs (this actually falls into City direct costs) <br />3. Small business grants <br />4. Payroll costs <br /> <br />Reporting <br />Since the funding is coming from the federal government, there are strict rules regarding its use. <br />The City will be required to report expenditures to the state monthly, beginning in September, using <br />an online portal. The state will compile information from all governmental agencies and make <br />information available to the public. The City will be subject to a “single audit” at the end of the <br />year to confirm the proper use of the funds if it receives total federal funds of $750,000 or more <br />during the year. <br /> <br />Budget Impact <br />COVID-19 mitigation efforts have led to increased costs and have required the reallocation of <br />resources to respond to the emerging threat. The federal government has allocated CRF funding to <br />help address local financial burdens caused by COVID-19. <br /> <br />The City continues to monitor estimates for revenue losses related to COVID-19. The revenue <br />losses currently appear to be mainly in the areas of parks, recreation, rentals, and utilities. <br /> <br />Attachments <br />A. US Treasury Guidance and FAQs <br />B. Small Business Emergency Assistance Grant Program Parameters <br />C. Listing of Reimbursable Items <br /> <br />