Submitted by: Ron Brooks
Submitting Department: Finance
Agenda Section: Consent
Item Title:
title
FY22 Budget Amendment: Special Revenues Budget and Appropriation of Unencumbered FY21 COVID-19 Funds
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Suggested Action:
recommendation
I move that the Mayor and Council amend the FY22 Special Revenues Fund Budget and appropriate $33,450 of remaining COVID-19 funds.
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Summary Background:
On April 6, 2020, the City Council adopted 2020-02 COVID-19 Pandemic Fund, an uncodified ordinance whereby the City of Hyattsville establishes a special revenue fund known as the COVID-19 Pandemic Fund and transferred one million dollars from the unencumbered fund balance in the General fund to reduce the impact of economic hardships arising from the pandemic caused by the coronavirus (COVID-19) in the City of Hyattsville.
Next Steps:
Appropriate the prior year fund balance of $33,450 in COVID-19 Fund.
Fiscal Impact:
Appropriate prior year fund balance of $33,450 in COVID-19 Funds.
City Administrator Comments:
Recommend support.
Community Engagement:
TBD
Strategic Goals:
Goal 2 - Ensure the Long-Term Economic Viability of the City
Legal Review Required?
N/A