...Title
Estimated Budgetary Impacts of COVID-19.
...Recommendations
(a) Accept a report from the City Manager describing estimated budgetary impacts from COVID-19 and the approach for how those impacts will be addressed in Fiscal Years 2019-2020 and 2020-2021.
(b) Adopt a resolution authorizing the City Manager or designee accept to the COVID-19 Emergency Homelessness Funding Grant from the State of California in the amount of $3,919,821, and to negotiate and execute related documents without further City Council action to accept these grant funds.
(c) Adopt the following Appropriation Ordinance Amendments in the General Fund:
(1) Decrease the 2019-2020 Ending Fund Balance Reserve in the amount of $10,000,000; and
(2) Establish a Transfer to the Emergency Reserve Fund in the amount of $10,000,000.
(d) Adopt the following Appropriation Ordinance and Funding Sources Resolution Amendments in the Emergency Reserve Fund:
(1) Establish an estimate for Transfers and Reimbursements in the amount of $10,000,000;
(2) Establish an estimate for Revenue from the State of California in the amount of $3,919,821;
(3) Decrease the Ending Fund Balance in the amount of $500,000; and
(4) Establish an appropriation for COVID-19 Emergency Response in the amount of $14,419,821.
CEQA: Not a Project, File No. PP17-009, Staff Reports, Assessments, Annual Reports, and Informational Memos that involve no approvals of any City action; and File No. PP17-004, Government Funding Mechanism or Fiscal Activity with no commitment to a specific project which may result in a potentially significant physical impact on the environment. (City Manager)
TO BE HEARD IMMEDIATELY AFTER ITEM 3.1