TITLE: Title
AN ORDINANCE BY THE TROTWOOD CITY COUNCIL ESTABLISHING A NEW GRANT FUND IN CONFORMITY WITH FEDERAL AND STATE LAWS AND GENERALLY ACCEPTED ACCOUNTING PRINCIPLES FOR FUNDS RECEIVED FROM THE COUNTY CORONAVIRUS RELIEF DISTRIBUTION FUND AS A RESULT OF THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT.
Body
PURPOSE: Create grant fund
DEPARTMENT: Finance Department
CONTACT INFORMATION: Chris Peeples, Director
INFORMATION: Motion: File 21-10, May 3, 2021; The CARES Act was signed into law on March 27, 2020, and provided payments to help navigate the impact of and unprecedented strain from the COVID-19 outbreak. Per the Federal Funding Accountability and Transparency Act (FFATA), separate accountability is required for federal awards greater than $25,000
FISCAL & STAFF IMPACT: N/A
RECOMMENDATION: Recommend Approval