Title
Adopt a resolution authorizing and directing the Auditor-Controller to:
a. Amend the FY2020-21 County Administrative Office Adopted Budget (021-1050-8478-CAO030) to increase appropriations by $800,000 for the Monterey County Small Business Relief Program (administered by the Monterey County Workforce Development Board), financed by a release of Coronavirus Aid, Relief, and Economic Security Act (CARES Act) funds through an operating transfer from CAO Other Financing Uses (001-1050-8038-CAO017) (4/5th vote required);
b. Increase appropriations in the County Administrative Office's Other Financing Uses (001-1050-8038-CAO0017) in the FY2020-21 Adopted Budget by $800,000, financed by an increase in Non-Program Revenue (001-1050-CAO019-8041) (4/5th vote required); and
c. Authorize the operating transfer of $800,000 from CAO Other Financing Uses (001-1050-8038-CAO0017) to the Workforce Development Board Fund (021-1050-CAO030-8478) for the FY2020-21 (4/5th vote required). (ADDED VIA ADDENDA)
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
Adopt a resolution authorizing and directing the Auditor-Controller to:
a. Amend the FY2020-21 County Administrative Office Adopted Budget (021-1050-8478-CAO030) to increase appropriations by $800,000 for the Monterey County Small Business Relief Program (administered by the Monterey County Workforce Development Board), financed by a release of Coronavirus Aid, Relief, and Economic Security Act (CARES Act) funds through an operating transfer from CAO Other Financing Uses (001-1050-8038-CAO017) (4/5th vote required);
b. Increase appropriations in the County Administrative Office's Other Financing Uses (001-1050-8038-CAO0017) in the FY2020-21 Adopted Budget by $800,000, financed by an increase in Non-Program Revenue (001-1050-CAO019-8041) (4/5th vote required); and
c. Authorize the operating transfer of $800,000 from CAO Other Financing Uses (001-1050-8038-CAO0017) to the Workforce Development Board Fund (...
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