Grant Fund

Fiscal Year 2022 – 2023 Budget

The fund accounts for proceeds and expenditures relating to the Coronavirus Relief Fund and the American Rescue Plan Act of 2021. The American Rescue Plan Act of 2021, signed into law March 11, 2021, established the Coronavirus State and Local Fiscal Recovery Funds (“SLFRF”). The Fiscal Recovery Funds are intended to provide support to State, Local, and Tribal governments in responding to the impact of COVID-19 and in their efforts to contain COVID-19 on their communities, residents and businesses. The Fiscal Recovery Funds build on and expand the support provided to these governments over the last year including through the Coronavirus Relief Fund (CRF).

GRANT FUND SUMMARY

Actual Amended Budget Estimated Budget Adopted Budget Planning Years

2020 - 2021 2021 - 2022 2021 -2022 2022 - 2023 2023 - 2024 2024 - 2025 2025 - 2026 2026 - 2027

BEGINNING FUND BALANCE $- $(1,640) $(1,640) $2,942,053 $1,337,347 $- $- $-

REVENUES

Grant Proceeds-CARES Act $70,426 $- $- $- $- $- $- $- Interest Earnings-CARES Act $1,024 Grant Proceeds-American Recovery Act - 2,056,678 4,030,418 - Interest Earnings-American Recovery 5,076 - (5,076) - - - - -

TOTAL REVENUES $76,526 $2,056,678 $4,025,342 $- $- $- $- $-

TOTAL FUNDS AVAILABLE $76,526 $2,055,038 $4,023,702 $2,942,053 $1,337,347 $- $- $-

EXPENDITURES

Professional Services $51,176 $50,000 $- $- $- $- $- $- PPE 6,716 - (6,716) - - - - - Capital Expenditures 20,274 815,000 - - - - - - Transfer Out - 244,685 1,088,365 1,604,706 1,337,347 - - -

TOTAL EXPENDITURES $78,165 $1,109,685 $1,081,649 $1,604,706 $1,337,347 $- $- $-

ENDING FUND BALANCE $(1,640) $945,353 $2,942,053 $1,337,347 $- $- $- $-