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File #: 20-0522    Version: 1 Name: COVID-19 EXPENDITURES
Type: CC- Report Status: Agenda Ready
File created: 6/25/2020 In control: City Council
On agenda: 7/21/2020 Final action:
Title: REPORT - FISCAL YEAR-END APPROPRIATION FOR COVID-19 AND PG&E PSPS RELATED EXPENDITURES BACKGROUND: When emergencies occur, especially those requiring a declaration of local emergency, staff will open certain unique project accounts against which departments charge expenditures related to the emergency. These project accounts do not have appropriations to offset the expenditures, creating a negative balance, and negative balances must be corrected during the fiscal year-end process. Based on the City’s experiences with the Tubbs Fire, staff uses unique project accounts to pay for emergency expenditures. This practice makes it easier to isolate emergency-related expenditures for potential reimbursement documentation. However, due to the unforeseen nature of emergencies, these projects do not have budget appropriations, and the expenditures result in negative balances. These negative balances must be fixed during the year-end close process. This item requests an appropriation of...
Sponsors: Finance
Indexes: Not a Project
Attachments: 1. Staff Report, 2. Resolution, 3. Presentation