File #: ID 2020-170    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 5/6/2020 In control: Community Redevelopment Agency
On agenda: 5/13/2020 Final action:
Title: AMENDING THE FY 2019-2020 BUDGET BY TRANSFERRING $100,000 FROM THE "CONTINGENCY" ACCOUNT TO THE "EMERGENCY BUSINESS GRANT" ACCOUNT FOR THE 2020 EMERGENCY REIMBURSEMENT GRANT FOR SMALL BUSINESSES IMPACTED BY COVID-19.
Attachments: 1. RESOLUTION, 2. BACKGROUND
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TO:                     Chair and Members of the Board

 

FROM:                     Cale Curtis, Interim Executive Director

 

DATE:                     May 13, 2020

 

 

Title

AMENDING THE FY 2019-2020 BUDGET BY TRANSFERRING $100,000 FROM THE “CONTINGENCY” ACCOUNT TO THE “EMERGENCY BUSINESS GRANT” ACCOUNT FOR THE 2020 EMERGENCY REIMBURSEMENT GRANT FOR SMALL BUSINESSES IMPACTED BY COVID-19.

 

Body

 

 

BACKGROUND:                     The MCRA Board approved program guidelines at the MCRA Special Meeting on April 30, 2020, for the 2020 Emergency Reimbursement Grant for small businesses located in the MCRA District that have been impacted by COVID-19.                      This budget transfer is to provide funding for the program.

 

 

RECOMMENDATION:                     Approval

 

 

FISCAL IMPACT:                      $100,000 to be transferred from the Contingency account #140-0510-512.91-02 to the Emergency Business Grant account #140-0510-512.83-53                     

 

 

CONTACT PERSON:  Cale Curtis, Interim Executive Director