SBA #007 to Increase Fund 119 to reflect CARES Grant Award
From:
Amber McClure, Chief Budget Officer
Organization:
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.