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Consolidated Annual Action Plan or other Housing and Urban Development authorized <br /> plan to City Council at a later date. <br /> Finally, the CARES Act includes disaster relief funding from which the City can submit <br /> claims for eligible costs. Eligible costs related to City operations include disinfection of <br /> eligible pubic facilities, purchase and distribution of food, water, personal protective <br /> equipment, medical sheltering, medical supplies, and any overtime costs incurred to <br /> respond to COVID-19. Staff have been tracking eligible costs and will submit requests <br /> for federal reimbursement later this month. <br /> CONCLUSION <br /> COVID-19 and the related Order have led us into uncertain times on many fronts but <br /> particularly for the City's finances. There is speculation that the current worldwide <br /> shutdown of travel and much of commercial activity will result in a recession, the length <br /> and magnitude of which is unclear. The City's practice of using budget surpluses to <br /> increase operating, capital, and repair and replacement reserves as well as a <br /> conservative approach towards budgeting provides flexibility in addressing revenue <br /> shortfalls without decreasing critical City services. The proposed second FY 2019/20 <br /> Midyear budget draws on some of those reserves and takes advantage of the <br /> conservative budgeting practice. We are using the same approach towards planning the <br /> FY 2020/21 Midterm budget. <br /> Submit ed y: Approve y: <br /> Tina Olson Nelson Fialho <br /> Director of Finance City Manager <br /> Attachments: <br /> 1. Resolution <br /> Page 5 of 5 <br />