Explanation
BACKGROUND: The City received Coronavirus Aid, Relief, and Economic Security (“CARES”) Act funding for the period March 27, 2020 through December 31, 2022 from the U.S. Department of Treasury. In connection with the acceptance of CARES Act funding, the City is required to comply with the provisions of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). One such provision of the aforementioned Uniform Guidance requires that any unused funds be returned to the Treasury. The City awarded CARES Act funds to the Mid Ohio Board for an Independent Living Environment (MOBILE), to provide assistance to individuals for utility bill assistance and rental assistance. MOBILE was unable to locate some of the individuals in which CARES support was intended, and MOBILE returned CARES Act funds to the City in the amount of $9,196.74. This ordinance is necessary to provide for the required reimbursement of CARES Act funds to the U.S. Department of Treasury.
FISCAL IMPACT: This ordinance authorizes the expenditure and return of $9,196.74 from the CARES Act Fund (Fund 2207) to reimburse the Coronavirus Aid, Relief, and Economic Security (CARES) Act administered by the U.S. Department of Treasury.
EMERGENCY DESIGNATION: Emergency action is requested to allow the financial transaction to be processed as soon as possible and to mitigate risk of potential penalties from untimely action.
Title
To authorize the Director of Finance and Management to reimburse the U.S. Department of Treasury for unspent CARES Act proceeds; to authorize the expenditure of $9,196.74 from the CARES Act Fund 2207; and to declare an emergency. ($9,196.74)
Body
WHEREAS, the City received funds from the U.S. Department of Treasury for the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act; and
WHEREAS, expenditures charged to CARES monies must be consistent with the applicable allowable costs and activities regul...
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