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AGENDA ITEM #10.10 <br /> c�ry of <br /> Pequot <br /> Lakes— - <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: July 7, 2020 <br /> Subiect: CARES Act Funding <br /> Report: Mayor Tayloe received the attached email from Representative Josh <br /> Heintzeman informing him that the CARES Act Funding Bill has been approved to <br /> distribute federal dollars to counties, cities, and towns for COVID-19 related <br /> expenses incurred due to the pandemic and the revenue declines that will result <br /> from the economic impacts. The appropriation amount for the City of Pequot <br /> Lakes is $176,748. <br /> Attached are non-exhaustive lists of eligible and ineligible expenditures that <br /> are/are not permitted for CARES Act funds, requirements and instructions for local <br /> governments receiving these funds, a Certification Form that must be submitted <br /> prior to disbursement of the funds (and no later than 9-15-20), guidance, and <br /> frequently asked questions for the Council to consider. At this time, there are <br /> many more questions than answers as to what is considered eligible expenditures <br /> for local governments and it is my hope that continued guidance will be available <br /> as more information is gathered. <br /> Council Action Requested: Council discussion and review of eligible <br /> expenditures permitted for CARES Act funds. <br /> i <br />