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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.