HomeMy WebLinkAboutCouncil Resolutions 1635 RESOLUTION NO. 1L-<`;-
A
LSA RESOLUTION OF THE CITY OF CENTRAL POINT
APPROVING A 2019-21 SUPPLEMENTAL BUDGET FOR THE RECEIPT AND
EXPENDITURE OF GRANT FUNDS
Recitals:
A. ORS 294.471 (1) (c) allows the governing body to adopt a supplemental budget
when funds are made available by another of federal, state or local government
and the availability of which could not reasonably be foreseen when preparing the
original budget or a previous supplemental budget for the current year or current
budget period.
B. The City of Central Point applied for and was awarded an emergency small
business assistance grant through Business Oregon to assist local businesses
that have been affected by the coronavirus pandemic.
C. The Central Point Development Commission approved $50,000 to be used as
the matching funds for the small business assistance grant program.
D. The matching funds are an eligible use of the City of Central Point's allocation of
CARES Act funding passed through the State of Oregon and will be returned to
the Central Point Development Commission after being reimbursed by the State.
The City of Central Point resolves as follows:
Section 1.
Adjusted
Appropriation Revenues Expenses Appropriation
General Fund $ 32,730,575 $ 32,730.575
Government Grants $ 50,000 $ 100,000 $ 150,000
City Enhancement $ 422,000 $ 100,000 $ 522,000
General Fund - Revised $ 32,830,575 $ 32,830,575
Passed by the Council and signed by me in authentication of its passage this 13th day
of August 2020.
" iayor Hank W' 'ams
ATTEST
Deanna Casey, Recorder