Page 231 - City of Watauga FY22 Adopted Budget

SPECIAL REVENUE FUNDS

CARES AND AMERICAN RESCUE PLAN (CLFRF) GRANT BUDGET SUMMARY
FUND 10

The CARES Grant Interlocal Agreement with Tarrant County was approved in FY2019-2020 for Coronavirus Relief. The eligible
expenses include COVID response payroll and benefit costs, public healthy and safety, telework enhancement, and
other expenses related to COVID-19 response. The City received $1,307,350 in FY2019-2020 and closed out the fund 12/31/2020 as required.

The City Council and City Staff will work together to develop a plan for the American Rescue Plan Funding for COVID-19 Response. The budget
for FY2021-2022 is not available for the Budget Document and will likely be a budget amendment in the future.
This is a special revenue fund and revenues must be spent based on grant restrictions.

HISTORY PROJECTED YEAR BUDGET
2019-2020 2020-2021 2020-2021 2021-2022
Actual Budget Actual Budget

Fund Balance, October 1 $0 $0 $0 $0
Revenues:
Grant Proceeds 846,697 460,653 460,653 0
Interest Earnings 0 0 0 0

Operating Revenues $ 846,697 $ 460,653 $ 460,653 $ -

Total Available Resources $ 846,697 $ 460,653 $ 460,653 $ -

Expenditures:
COVID-19 Personnel, Supplies, Contractual & Capital 846,697 460,653 460,653

TOTAL OPERATING & TRANSFERS $ 846,697 $ 460,653 $ 460,653 $ -

Fund Balance, September 30 $0 $0 $0 $0

CHANGE IN FUND BALANCE $0 ($0) ($0) $0

CARES Grant Fund total = $1,307,350
Population 23,770 x $55 per capita

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