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TER c0 Office of the INDIAN RIVER COUNTY * * ADMINISTRATOR Jason E. Brown, County Administrator Michael C. Zito, Assistant County Administrator MEMORANDUM TO: Members of the Board of County Commissioners FROM: Jason E. Brown County Administrator DATE: December 24, 2020 SUBJECT: CARES Act 2.0 - Proposed Spending Plan BACKGROUND: On July 7, 2020, the Board of County Commissioners approved the initial CARES Act Spending Plan for. the first 25% allocation received from the State, with slight revisions approved on July 14, 2020. Subsequently, on August 18, 2020, the Board approved further revisions to the initial plan. On September 22, 2020, the Board approved allocating an additional $4,662,600 under the Phase 2 Spending Plan. On November 17, 2020, the Board made other revisions to the plan for an additional $1,866,518, bringing the total proposed plan to $13,525,451. On December 1, 2020 the Board approved use of the full $27,905,330 Indian River County has been allocated. Any expenses that exceed 45%, or $12,557,399 will be processed on a reimbursement basis only. Funding for these expenses will be funded with General Fund Reserves until reimbursement from the CARES Act is received. Because the Board elected to draw down all remaining funding totaling $12,723,176 via reimbursement for public health/public safety payroll expenses, the Board has discretion on awarding these funds after the initial December 30, 2020 CARES Act deadline. The following plan details proposed allocations for the remaining $12,723,176 "CARES ACT 2.0" funds. Staff has coordinated with the currently funded agencies, municipalities, and Constitutional Officers to fund their COVID-19 related expenditures and programs from January — March 2021. On December 27, 2020, legislation was approved that extended the original CARES Act deadline of December 30, 2020 to December 30, 2021. Staff is recommending the Board approve time 129