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HomeMy WebLinkAbout9/21/2021 Item 6e, Elke - Staff Agenda CorrespondenceCity of San Luis Obispo, Council Memorandum City of San Luis Obispo Council Agenda Correspondence DATE: September 21, 2021 TO: Mayor and Council FROM: Brigitte Elke, Finance Director VIA: Derek Johnson, City Manager SUBJECT: ITEM #6e – FISCAL YEAR 2020-21 4TH QUARTER BUDGET REVIEW (YEAR-END) Staff received a request to present a break-down of the City’s 2020-21 Investment for Covid-19 Relief Efforts organized by spending category in addition to funding source as presented in the Council agenda report on page 54. The table below shows the requested breakdown: 2020-21 Investment into Covid-19 Relief Efforts Economic Recovery & Support Open SLO Project & Parklets $ 800,203 Small Business Relief Program $ 775,000 Shop Local Incentive $ 200,000 Downtown Retail Strategy/ Mission Plaza Improvements $ 54,400 Total 1,829,603 Human Services Homeless Services Support incl. Safe Parking $ 435,189 Childcare Amendments $ 20,000 Total $455,189 Government Services Communications and Grant Writing Support $ 80,000 Other Covid-19 Related Expenditures $ 383,723 Investment to Support Grant Funding Opportunities for Tenant Improvements $ 2,000,000 Total 2,463,723 Grand Total $ 4,748,515 The funding for these efforts was approved by the following Council actions: • 4th Quarter Measure G-20 Revenue (R-11203) • CARES act Funding (July 21, 2020 Item B) • General Fund Undesignated Fund Balance (R-11117)