(A) The Village Finance Director is directed to establish the Local Coronavirus Relief Fund that shall accept and house the monies appropriated for this purpose.
(B) Any federal CARES Act funding received through the state shall be used only for those costs that:
(1) Are necessary expenditures incurred due to the public health emergency with respect to the novel coronavirus disease;
(2) Were not accounted for in the 2020 annual budget; and
(3) Were incurred during the period that begins on March 1, 2020, and ends on December 30, 2020.
(C) Any interest earnings in the fund may be transferred, appropriated and expended for the purposes of this Fund as allowed by the grantor. All investment earnings are hereby deemed appropriated for the purposes of complying with all federal requirements pertaining to investment earnings.
(D) The Village Finance Director is hereby authorized to make any accounting changes to revise the funding source for all contracts or contract modifications associated with this section.
(Ord. 1582-20, passed 6-1-2020)