The CARES Act reimbursement for IFA approved COVID related expense shall be receipted into Town of Trafalgar CARES Act Fund; and
(A) The disbursement from the General Fund should be corrected by reversing the allowable disbursement within the category of supplies. This posting correction will reinstate the fund balance and re-appropriate the General Fund in a similar manner to I.C. § 6-1.1-18-9(1) for those disbursements. This posting correction should be done in the same budget year that the original transaction was posted.
(B) Once the disbursement is corrected and reversed within the General Fund, it should be posted as a disbursement in the appropriate COVID Grant Fund. Documentation must be maintained for this correction so the audit trail can be followed. The accounting system must tie the original claim for the General Fund disbursement to the COVID Grant Fund by specific reference or notation in a comment section.
(Res. 2020-006, passed - -2020)