Consider approval of Ordinance 2021-54, on the second of two readings, amending the City’s 2020-2021 Fiscal Year budget to allocate funds made available due to the Award to the City of American Rescue Plan Funds; and providing an effective date.
Item 29: Second Reading - Amending FY 2020-21 Budget to Allocate ARP Funds
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MDerrick
CoSM Members
1. This is listed twice one for $15K and one for $30K - "Funding for downtown events which drive visitor traffic and generate sales tax + heads in beds" – exact wording, remind me what the difference is please?
2. Utility on Hold – when will we know if we need funding for this one?
3. What is the total amount of CVB project funding - they have several items. I thought the total wound up being $497K due to the rolled up expenses that are in the "Marketing -e-campaign", but the numbers don't add up to that much.
4. What else is rolled up into the "Marketing -e-campaign"
5. Why do we have it divided up on Exhibit A by different categories - we also have the categories of Public Health Response, Negative Economic effects. It's very confusing to have different categories and I'm not sure how they relate to one another.
Thanks!
2. Utility on Hold – when will we know if we need funding for this one?
3. What is the total amount of CVB project funding - they have several items. I thought the total wound up being $497K due to the rolled up expenses that are in the "Marketing -e-campaign", but the numbers don't add up to that much.
4. What else is rolled up into the "Marketing -e-campaign"
5. Why do we have it divided up on Exhibit A by different categories - we also have the categories of Public Health Response, Negative Economic effects. It's very confusing to have different categories and I'm not sure how they relate to one another.
Thanks!
JHughson
CoSM Members
PLEASE provide a spreadsheet that tells us how the detailed numbers roll up into these categories. I've spent quite a bit of time working on creating my own spreadsheet, but there is nothing on the NEW categories to tell me where they roll up. This is even more difficult because we have OUR categories and I assume those on #46 are ARP categories. There is nothing to give us this information on the spreadsheet as provided. The columns for categories and departments has been dropped off.
Response to CM Derrick provided by Marie Kalka, Director of Finance:
1. The $15K is for calendar year 2021 and the $30K is for 2022-2024 (future years).
2. Through last Wednesday we have committed $414K of the $1.075M. With the extensive outreach that we did last week we are hopeful that we will see a good increase in the coming couple of weeks. It will be Council’s decision if they want to set aside ARP funds for additional funding for this program; however, keep in mind we will need to document that they qualify under the program to use these funds.
3. In this allocation there is $297K allocated by CVB and an additional allocation by Downtown of $200K.
4. See attached breakdown by Exhibit A Finance breakdown.
5. Exhibit A is for accounting purposes in our financial system how we are going to breakdown. The other categories (public health response, etc.) are the categories that the US Treasury uses for the program. These are very broad and we wanted a little more breakdown for monitoring in the system.
Response to Mayor Hughson provided by Marie Kalka, Director of Finance :
I have provided the spreadsheet modified to breakdown by US Treasury category. Attached also is sorted by our Exhibit A breakdown for the system.
1. The $15K is for calendar year 2021 and the $30K is for 2022-2024 (future years).
2. Through last Wednesday we have committed $414K of the $1.075M. With the extensive outreach that we did last week we are hopeful that we will see a good increase in the coming couple of weeks. It will be Council’s decision if they want to set aside ARP funds for additional funding for this program; however, keep in mind we will need to document that they qualify under the program to use these funds.
3. In this allocation there is $297K allocated by CVB and an additional allocation by Downtown of $200K.
4. See attached breakdown by Exhibit A Finance breakdown.
5. Exhibit A is for accounting purposes in our financial system how we are going to breakdown. The other categories (public health response, etc.) are the categories that the US Treasury uses for the program. These are very broad and we wanted a little more breakdown for monitoring in the system.
Response to Mayor Hughson provided by Marie Kalka, Director of Finance :
I have provided the spreadsheet modified to breakdown by US Treasury category. Attached also is sorted by our Exhibit A breakdown for the system.
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