Supplemental Budget Amendment #179 - Coronavirus Relief Fund (CRF) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act
From:
Sharon Harrell, Interim Budget Manager
Organization:
Asst County Administrator
CAO Approval:
RECOMMENDATION:
Recommendation Concerning Supplemental Budget Amendment #179, Coronavirus Relief Fund Under the Coronavirus Aid, Relief, and Economic Security Act, Clara Long, Neighborhood and Human Services Department Director - Sharon Harrell, Interim Budget Manager, Management and Budget Services
That the Board adopt the Resolution approving Supplemental Budget Amendment #179, Other Grants and Projects Fund (110) and the General Fund (001), in the amount of $906,094, to recognize the Coronavirus Relief Fund (CRF) allocation provided by the Florida Housing Finance Corporation (FHFC) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and to appropriate these funds to support housing related activities in response to COVID-19.
Fund Number
Fund Name
Revenue Code
Revenue Title
Amount
110
Other Grants & Projects
331626 (new)
CARES-CRF-FHFC Housing
903,834
001
General Fund
369936
Indirect Costs-Other
2,260
Total
$906,094
Fund Number
Cost Ctr No.
Cost Center Title
Account Code
Account Title
Amount
110
370239
CARES-CRF-FHFC Housing
51201
Salaries
18,184
110
52101
FICA
1,391
110
52201
Retirement Contributions
1,819
110
52301
Life & Health
3,750
110
52401
Workers Comp
157
110
53401
Other Contractual Srvs
54,136
110
54201
Postage & Freight
100
110
54801
Promotional Activities
936
110
54901
Other Current Chgs & Obligations
2,660
110
55101
Office Supplies
500
110
55201
Operating Supplies
6,750
110
58301
Other Grants & Aids
813,451
001
110201
Non-Departmental
59805
Reserve for Operating
2,260
Total
$906,094
BACKGROUND:
As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by Congress and signed into law March 27, 2020, the County will receive an allocation of $903,834 from the Coronavirus Relief Fund (CRF) from the State of Florida through an allocation from the Florida Housing Finance Corporation (FHFC). These funds will be used to address housing activities such as rent, mortgage, and utility assistance for low and moderate income households in response to COVID-19. This Supplemental Budget Amendment also incorporates the transfer of indirect cost to the General Fund, in the amount of $2,260. CRF will be managed and implemented by the Neighborhood Enterprise Division of the Neighborhood & Human Services Department.
BUDGETARY IMPACT:
This Amendment will increase Fund 110 by $903,834 and Fund 001 by $2,260.
Fund Number
Fund Name
Revenue Code
Revenue Title
Amount
110
Other Grants & Projects
331626 (new)
CARES-CRF-FHFC Housing
903,834
001
General Fund
369936
Indirect Costs-Other
2,260
Total
$906,094
Fund Number
Cost Ctr No.
Cost Center Title
Account Code
Account Title
Amount
110
370239
CARES-CRF-FHFC Housing
51201
Salaries
18,184
110
52101
FICA
1,391
110
52201
Retirement Contributions
1,819
110
52301
Life & Health
3,750
110
52401
Workers Comp
157
110
53401
Other Contractual Srvs
54,136
110
54201
Postage & Freight
100
110
54801
Promotional Activities
936
110
54901
Other Current Chgs & Obligations
2,660
110
55101
Office Supplies
500
110
55201
Operating Supplies
6,750
110
58301
Other Grants & Aids
813,451
001
110201
Non-Departmental
59805
Reserve for Operating
2,260
Total
$906,094
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.