11-18-2020 Council Packet - Laserfiche WebLink

Home Browse Search

STAFF REPORT TO: Mayor Keis and Members of the City Council FROM: Chris Heineman, City Administrator Brenda Malinowski, Finance Director DATE: November 12, 2020 RE: CARES Act -Accept Final Expenditure Report ACTIONS TO BE CONSIDERED Consider accepting the Final November Expenditure Report to be submitted to MMB in the amount of $97,616.35. BACKGROUND The Coronavirus Aid, Relief, and Economic Security (CARES) Act provided federal funds to the State of Minnesota. The State Legislature and ultimately the Governor thereby distributed these funds to local governments throughout Minnesota to deal with the financial impacts of COVID- 19. The City of Little Canada received CARES Act funds of $782,484 in July. Under current guidance, any unused funds as of November 15, 2020 will need to be returned to Regions Hospital or another hospital in Ramsey County. The City has received a request from St. John’s Hospital. CARES Act funds are to be used to provide economic relief to the protect the American people from the public health and economic impacts of COVID-19. The United States Treasury has issued guidance related to the use of these funds and is periodically revising this guidance. The CARES Act provides that payments from the Fund may only be used to cover costs that are: 1. Necessary expenditures incurred due to the public health emergency with respect to the Coronavirus Disease 2019 (COVID-19); 2. Not accounted for in the budget most recently approved as of March 27, 2020 (the date of enactment of the CARES Act) for the State or government; and 3. Incurred during the period that begins on March 1, 2020, and ends on November 15, 2020. Per the guidance, these funds may not be used to replace lost revenues of the government. Additional guidance from the United State Department of Treasury provides specific details related to payroll costs for public health and public safety employees even when accounted for in the most recent budget.