Fiscal Note
The proposed second Substantial Amendment to the City of Madison's FY19 Annual Action Plan is required by the awarding of $1,442,062 in supplemental Community Development Block Grant (CDBG-CV) funds from HUD to the City of Madison through the 2020 CARES Act.
The proposed resolution amends CDD's 2021 Adopted Operating Budget, as follows, to recognize receipt of these additional grant revenues and their commensurate expense:
· CDBG Revenue: ($1,442,062)
· CDBG Salaries/Benefits: $288,400
· CDBG Purchased Services: $1,153,662
Title
Approving and authorizing the submission, to the U.S. Department of Housing and Urban Development, of a second Substantial Amendment to the City's FY19 Annual Action Plan necessary to reflect receipt of additional supplemental CDBG-CV grant funds awarded to the City of Madison through the 2020 CARES Act; and amending the adopted 2021 Operating Budget of the Community Development Division to recognize the additional grant revenue and commensurate expenditure authority.
Body
BACKGROUND
In March 2020, Congress passed and the President signed the Coronavirus Aid, Relief and Economic Security Act ("CARES Act"), which provides critical supplemental funding to communities in their local response efforts to the COVID-19 pandemic. Acceptance of the CARES Act funds that are allocated via HUD's Office of Community Planning and Development (CPD) requires a HUD Grantee to submit a Substantial Amendment to its FY19 Annual Action Plan (AAP).
The City of Madison was initially awarded $1,160,897 in supplemental Community Development Block Grant (CDBG-CV) funds and $2,890,929 in supplemental Emergency Solutions Grant (ESG-CV) funds through the CARES Act, to help prevent, prepare for and respond to the coronavirus. The Council authorized the submission of, and HUD approved, an initial Substantial Amendment to Madison's FY19 AAP to accept those funds in August 2020 (RES-20-00550, Legistar #61295). Subsequently, HUD awarded the City an a...
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