Agenda Packets - 2020/11/09 - Laserfiche WebLink

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Examples of Eligible Usage of Grant Funds 1. Commercial lease or mortgage payments. 2. Accounts payable (AP) if the AP is a COVID-19 related expense incurred since March 1, 2020. 3. Payroll, unless the nonprofit received Paycheck Protection Program (PPP) funds or pandemic unemployment insurance (UI) to assist with payroll expenses incurred after March 1, 2020. 4. Reopening costs or safety improvement costs expended since March 1, 2020 (i.e. outdoor seating, plexiglass, cleaning products, re -staffing costs, etc.) 5. Operating utilities or fees for those facilities interrupted or forced to shut down incurred after March 1, 2020. Application process • Applications will be accepted beginning Tuesday November 10 thru 10am Thursday November 12th. • All applicants will be notified by email on or before Thursday, November 12 if they received an award • The following documentation must be provided to the Program Administrator: • A copy of the IRS Nonprofit determination letter. • Revenue verification. The most recent federal 990 tax return filed by the nonprofit (first six pages are sufficient). • Impact and loss of revenue verification. Evidence of negative impact and loss of revenue due to COVID-19 pandemic and peacetime emergency. Applicant should submit documentation that best demonstrates the impact and is deemed acceptable to Program Administrator. • Examples of acceptable documentation include: monthly profit and loss statements; comparable revenue reports • Employee verification. Evidence of employment prior to March 1, 2020. Acceptable documentation may include: company's 2019 federal form W3; period reporting from a 3rd party payroll processor; applicant's Federal Form 941/Employer's Quarterly Federal Tax Return; or other State or Federal payroll -related filing. • Evidence of eligible expenses that occurred since March 1, 2020 (e.g. rent/lease agreement, utility statements, supplier invoices, payroll, tax payments, payments to suppliers, etc.). Provide documentation that expenses total or exceed the amount requested in application The categories outlined above are intended to be general guidance. Final grant decisions will be made in consultation with the City's Administrator after a thorough review of all application factors.