AGENDA DATE: 3/17/2021
TITLE:
Title
CARES Coronavirus Relief Funding (CRF) Report
BODY
SUBJECT/PROPOSAL/REQUEST: Presentation - Albemarle County's CARES Act Funding Summary
ITEM TYPE: Regular Information Item
STAFF CONTACT(S): Richardson, Birch, Shifflett
PRESENTER (S): Kristy Shifflett
LEGAL REVIEW: Not Required
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: On June 1, 2020, the County received $9.5M in the first tranche of the CARES Coronavirus Relief Fund (CRF) and on August 17, 2020, the County received an additional $9.5M in CARES CRF funding (second tranche) for a total of $19M.
The funding was required to be used by the County for qualifying expenses that: 1) are necessary expenditures incurred due to the public health emergency with respect to the Coronavirus Disease 2019 (COVID-19); 2) were not accounted for in the budget most recently approved as of March 27, 2020 (the date of enactment of the CARES Act); and 3) were to be incurred during the period that begins on March 1, 2020 and ends on December 30, 2020.
Throughout the Fall of 2020, the Federal government provided additional clarity to the CARES CRF compliance regulations which positioned the County to utilize a portion of CARES CRF funding to support eligible public safety pandemic-related expenses and to set up a pandemic reserve.
The U.S. Congress extended the CARES CRF expenditure deadline to December 31, 2021. Albemarle County was notified by the Commonwealth of Virginia of this extension on December 23, 2020.
On January 20, 2021, the Board received a CARES CRF Summary Report on its Consent Agenda.
On February 17, 2021, the Board received information on the CARES CRF program in an executive summary as they met to discuss potential uses of Reserves to address the County's strategic priorities. During this work session, staff shared they would provide a presentation on the County's uses of the CARES CRF funding at an upcoming Board meeting.
STRATEGIC PLAN: Mission St...
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