Loading...
HomeMy WebLinkAboutCC Res 7339 2022-10-10 RESOLUTION 7339 A RESOLUTION OF THE SEAL BEACH CITY COUNCIL ACCEPTING AND ALLOCATING THE FISCAL YEAR 2021- 22 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS OF $5,716,312 TO THE GENERAL FUND FOR PROVISIONS OF GOVERNMENT SERVICES PURSUANT TO THE AMERICAN RESCUE PLAN ACT, APPROVING BUDGET AMENDMENT BA 22-12-02 TO AMEND THE ALLOCATION OF THE TENNIS AND PICKLEBALL CENTER PROJECT (BG2105) FROM FUND 219 TO GENERAL FUND 101, AND APPROVING $3,116,312 MILLION FROM THE GENERAL FUND TO ASSIGNED BALANCE WHEREAS, the American Rescue Plan Act of 2021 (ARPA) was signed into law on March 11, 2021 , and provides fiscal relief funds to state, local and tribal governments aimed at mitigating the continuing effects of the COVID-19 Pandemic; and WHEREAS, the Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program, a part of the ARPA, delivered federal funding to state, local, and tribal governments across the country to support their response to and recovery from the COVID-19 public health emergency; and, WHEREAS, funding from the SLFRF program is subject to the requirements specified in the Final Rule released by the U.S. Department of the Treasury, authorizing local governments to allocate up to $10 million for certain categories, including lost revenue to fund government services, under the Standard Allowance option; and WHEREAS, the City's full share of SLFRF funds, in the amount of $5,716,312, will be accepted and allocated under the Standard Allowance option through the government services provision for lost revenue relating to Public Safety; and, WHEREAS, the City will ensure compliance with prevailing federal regulations and guidance at the time the SLFRF funds are committed for expenditure; and WHEREAS, surplus of other General Fund revenues from FY 2021-22 will be transferred to fund the Seal Beach Tennis and Pickleball Cente; and, WHEREAS, FY 2021-22 Budget Amendment BA 22-12-02 will amend the funding allocation of the Tennis and Pickleball Center CIP Project (BG2105) from Fund 219 to the General Fund 101; and 1 WHEREAS; $3,116.312 million from the General Fund will be allocated to assigned balance: NOW, THEREFORE, THE SEAL BEACH CITY COUNCIL DOES HEREBY RESOLVE: Section 1 . Accept the Coronavirus State and Local Fiscal Recovery Funds (SLFRF) of $5,716,312 through the American Rescue Plan Act (ARPA) and allocate the funds to the Fiscal Year 2021-22 General Fund for the provision of "government services" as outlined by the U.S. Department of Treasury Final Rule implementing the SLFRF. Section 2. Approve Fiscal Year 2021-22 Budget Amendment BA 22-12-02 to amend the funding allocation of the Tennis and Pickleball Center CIP Project BG2105 from Fund 219 to the General Fund 101. Section 3. Approve $3,116,312 million from the General Fund to the Assigned Balance. Description Account Revised/Adopted Proposed Budget(diff) Budget Budget Amendment Other Agency Revenue-ARPA 101-000-0000-42301 S - S 5.716,432 $ 5.716,432 Transfer Out-CIP 101-150-0080-59100 $ 450.000 S 3.050,000 $ 2.600.000 Transfer In-CIP 301-000-0000-49100 $ 1,048.000 $ 3.648,000 $ 2,600.000 Capital Projects 301-500-0333-55000 $ 2,161.438 $ 4,761,438 $ 2,600,000 r.�+ Capital Projects 219-300-0034-55000 $ 2,600.000 $ - $ (2,600,000) 2 PASSED, APPROVED AND ADOPTED by the Seal Beach City Council at a regular meeting held on the 10th day of October. 2022 by the following vote: AYES: Council Members: Kalmick, Massa-Lavitt. Moore, Sustarsic NOES: Council Members: None ABSENT: Council Members: Varipapa ABSTAIN: Council Members: None 5„Jfaft,r14,(iA Joe Kalmick, Mayor ii" O *kr �EST: 4-...f. kr _ z affth4 °I , A: s-;'... /: . 4" Gloria D. H T•er, City Clerk COON' STATE OF CALIFORNIA } COUNTY OF ORANGE } SS CITY OF SEAL BEACH } I, Gloria D. Harper, City Clerk of the City of Seal Beach, do hereby certify that the foregoing resolution is the original copy of Resolution 7339 on file in the office of the City Clerk, passed, approved, and adopted by the Seal Beach City Council at a regular me-ting held on the 10th day of October. 2022. kAti SA elb loria D. H. :•er, City Clerk 3