File #: 20-3735    Name: AUTHORIZATION TO UTILIZE DISASTER FUNDS
Type: Discussion Item
Body: Village Council
Agenda Date: 3/18/2020 Final action:
Title: ITEM: AUTHORIZATION TO UTILIZE DISASTER FUNDS REQUEST: Authorization to utilize disaster funds.
Date Action ByActionResultVoteMeeting DetailsVideo
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ITEM:                     AUTHORIZATION TO UTILIZE DISASTER FUNDS

 

REQUEST:                     Authorization to utilize disaster funds. 

 

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EXPLANATION:                     Staff is seeking authorization to utilize disaster funds. 

 

BUDGET AMENDMENT REQUIRED:                     NO 

 

PUBLIC HEARING:                     NO                       QUASI-JUDICIAL:                      

 

FIRST READING:                                            SECOND READING:                      

 

LEGAL SUFFICIENCY:                     YES

 

FISCAL IMPACT:                     Emergency Fund Balance of $3,000,000 is committed and available in the Village’s Annual Financial Report for the year ended September 30, 2019 and funded in the approved Fiscal Year 2020 Budget. 

 

WELLINGTON FUNDAMENTAL:                     Protecting Our Investment

 

RECOMMENDATION:                     Authorization to utilize disaster funds.