Agenda - 11-12-20; ITEM 2 - Update on CARES Act Funding Allocations

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: November 12, 2020 Action Agenda Item No. 2 SUBJECT: Update on CARES Act Funding Allocations DEPARTMENT: County Manager ATTACHMENT(S): INFORMATION CONTACT: Travis Myren – 919-245-2308 PURPOSE: To provide an update to the Board on the County’s CARES Act funding allocations. BACKGROUND: The County received two funding allocations through the Corona Virus Aid, Relief, and Economic Security Act or CARES Act. CARES Act funds were distributed to counties based on population. CARES Act funding must be used to fund expenses directly related to the County’s response to the pandemic. These funds cannot be used to supplant currently budgeted expenses or to replace revenues such as sales tax or occupancy tax that have suffered as a result of the pandemic. The CARES Act funds must be used by December 30, 2020, or they will be reverted to the State. Orange County’s round one allocation was $2,665,753. The round two allocation was $2,881,614 for a total of $5,547,367. Of that total amount, the County retained $3.2 million while $2.3 million was distributed to Chapel Hill, Carrboro, Hillsborough, and Mebane based on a per capita allocation. The County has used its $3.2 million CARES funding allocation to support a range of expenses directly related to response efforts. The following table details how the funds were allocated to various expenditure categories and the amount spent from those activities as of the end of October as recorded in the County’s financial system. Spending is occurring in each of the spending categories, but that spending may not have been recorded in the financial system yet. 1