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6. Memo 20-21 CARES Act - City Funds UpdateSCANDIA DATE: July 31, 2020 FROM: Ken Cammilleri, City Administrator TO: Honorable Mayor and City Council Members RE: CARES Act Funds Update The City has received $311,020 in from the Federal Coronavirus Aid, Relief, and Economic Security (CARES) Act. These funds were received on July 21, 2020. Use of Funds for City Covid-19 Related Expenses City staff is in process of the tallying and assembling documentation for reimbursement for expenses the City has ensured that are eligible under the program's rules. All expenses will ultimately be subject to review by a 3rd party auditor, so staff is taking care to make sure eligible submissions are made. Staff has established a separate fund for more simplified tracking of activities. In addition to reimbursement of eligible expenses staff are proposing the following: - Installing a service window at the City office for approximately $6,000-$8,000. Reserving $20,000-$25,000 primarily for emergency services or other unexpected Covid-19 related expenses. - The remainder of the funds would go into a Covid-19 Business Grant Relief Program based off of the program currently being administered by the Washington County CDA. The Covid-19 Business Relief Program The County is starting the program by making $10 Million available at the program's launch. The County does not know what demand to expect related to demand. They anticipate coming in late August early September that they will be asking the City if it has funds available for allocations to Scandia businesses. At the City Council's September 2nd Work Session, the Council will be asked to authorize the distribution of funds to the County for this purpose. Should the City not have an identifiable need related to Covid-19 impacts for the remainder of the funds, it will be recommended to the City Council to approve the distribution of remaining funds to the County to assist with County level needs. Please let me know if you have any questions. Page 1 of 1 City of Scandia 14727 209th St. N. PO Box 128, Scandia, Minnesota 55073 Phone (651) 433-2274 Fax (651) 433-5112 http://www.ci.scandia.mn.us