City of Smyrna - File #: 2020-298

• File #: 2020-298
• Version: 1
• Type: Authorization
• Status: Passed
• File created: 8/5/2020
• In control: City Council
• On agenda: 8/17/2020
• Final action: 8/17/2020
• Title: Approval to amend the FY 2021 budget to include the revenue and anticipated expenses related to the CARES funding from Cobb County.

Date	Ver.	Action By	Action	Result
8/17/2020	1		Approved
8/17/2020	1	City Council	Approved Item	Pass

Impact

WARD / COUNCILMEMBER:  City-wide

$ IMPACT:  $2,968,559.10

Title

Approval to amend the FY 2021 budget to include the revenue and anticipated expenses related to the CARES funding from Cobb County.

Body

ISSUE AND BACKGROUND: 

Council approved an intergovernmental agreement with Cobb County at the August 3, 2020 meeting.  This agreement will allow for $2,968,559.10 to be received from the County for qualifying CARES expenses.  The Multi-Grant fund needs to be amended for the revenue and expenses related to this funding. 

RECOMMENDATION / REQUESTED ACTION: 

Recommend approval of an amendment to the FY 2021 budget to account for the CARES disbursement from the County.