Agenda

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County Administrator's Report 10. 26.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	11/05/2020
Issue: SBA #007 to Increase Fund 119 to reflect CARES Grant Award
From:	Amber McClure
Department:	Asst County Administrator
CAO Approval:

RECOMMENDATION:

Recommendation Concerning SBA #007 to Increase Fund 119 to Reflect CARES Grant Award - Amber M. McClure, Chief Budget Officer, Management and Budget Services

That the Board adopt the Resolution approving Supplemental Budget Amendment #007, Fund 119, in the amount of $28,521,104, to reflect the $57,285,296 CARES grant award.

BACKGROUND:

On June 10, 2020, the Escambia County Board of County Commissioners was awarded CARES funding with a potential reimbursement amount of $57,285,296. The Board previously approved appropriation of $28,764,192. This amendment will increase the budget to the full award amount.

BUDGETARY IMPACT:

This Amendment will increase Fund 119 by $28,521,104.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

Increases and decreases in revenue must be approved by the Board per F.S. 129.06 - Execution and amendment of budget.

IMPLEMENTATION/COORDINATION:

N/A

Attachments
SBA#007