DISCUSSION ITEM
FROM: City Council President Jewel Cannada-Wynn
SUBJECT:
title
CARES ACT FUNDING
end
SUMMARY:
On or about March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security Act (CARES Act) to facilitate the provisions of federal assistance and relief in response to the COVID-19 pandemic. Title V of the CARES ACT established the “Coronavirus Relief Fund” and appropriated $150 billion in such fund for Fiscal Year 2020 to provide direct assistance to state, tribal territorial and local governments to fund certain necessary and allowable expenses incurred due to the public health emergency with respect to COVID-19.
Utilizing a population-based formula describe within the CARES Act, the State of Florida was allocated $8.328 billion of which 55% ($4.8 billion) was reserved for the state and 45% ($3.747 billion) was reserved for direct payments to eligible local government jurisdictions that exceed 500,000 in population. On June 10, 2020 the Governor announced that the State would disburse up to $1.275 billion to counties with a population below 500,000.
Escambia County and FDEM entered into FDEM CARES Act Funding Agreement providing 25% of the County’s total allocation directly to the County. Through this agreement the County has received $14,321,324 from the Florid Division of Emergency Management which represents 25% of the County’s potential total reimbursement of $57,285,296.
The Mayor sent a letter to the County Commission regarding the potential of the City receiving a fair share portion of this funding.
This item seeks to discuss that allocation as well as potential uses if the funding is obtained.
PRIOR ACTION:
None
STAFF CONTACT:
Don Kraher, Council Executive
Keith Wilkins, City Administrator
ATTACHMENTS:
1) CARES Request from Mayor to BCC
2) CARES Spreadsheet
3) BCC Transmittal Letter
PRESENTATION: No