BACKGROUND: This legislation will authorize the transfer of $1,331,467 from the Government General Grants Fund to various other funds to reimburse those funds for expenditures incurred associated with debris removal and related damages from severe storms which began on June 29, 2012. The city was awarded grant funds from the Federal Emergency Management Agency (FEMA) for this purpose. Per Ordinance 0443-2013, grant funds were accepted and appropriated in the General Government Grant Fund. This ordinance serves to reimburse various other funds in the city which actually incurred the expenses.
FISCAL IMPACT: The city has received reimbursement from FEMA for expenses incurred by various city agencies as a result of debris removal and related damages associated with severe storms that began on June 29, 2012. The funds were deposited into the General Government Grant Fund and are now being transferred to various other funds to reimburse for actual expenses. Auditor of State Bulletin 98-013 requires that FEMA funds initially be placed into a special FEMA fund but goes on to allow those funds to be transferred from the FEMA fund into the funds that made the original payments for completed work. This ordinance accomplishes that task.
This ordinance is submitted as an emergency so as to allow the financial transaction to be posted in the city’s accounting system as soon as possible. Up to date financial processing promotes accurate accounting and financial management.
Title
To authorize and direct the transfer of $1,331,467.00 received from FEMA, from the General Government Grant Fund to various other funds to reimburse the proper funds for expenditures incurred for debris removal and damages following severe storms that began on June 29, 2012; and to declare an emergency. ($1,331,467.00)
Body
WHEREAS, significant costs relate to debris removal and related damage were incurred as a result of severe storms beginning June, 29, 2012; and
WHEREAS, the city ...
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