SarasotaClerk.com 17 Uses and Restrictions: This revenue source may be used to undertake a wide range of activities directed toward neighborhood revitalization, economic development, and the provision of improved community facilities and services. The community develops its own programs and funding priorities; however, the programs must conform to statutory standards and program regulations. The community may contract with other local agencies or nonprofit organizations to carry out part or all of their programs. All activities under this program must either benefit low- and moderate-income persons, aid in the prevention or elimination of slums and blight, or meet other community development needs. U.S. TREASURY CORONAVIRUS RELIEF FUND (CRF) 2021 Budget: $ 75,684,634 2021 Actual: $ 26,863,064 2022 Budget: $ 0 Legal Authorization: Florida Statutes, Section 129.06, 215.422, 215.971 and 216.347; County Resolution 2020-250; CARES Act Funding Agreement Y22631. Description: The Coronavirus Aid, Relief, and Economic Security (CARES) Act that was signed into law on March 27, 2020, is a $2 trillion economic relief package designed to mitigate the economic impacts of COVID-19. Through the CARES Act, Treasury Coronavirus Relief Funds (CRF) provide for payments to any county, municipality, town, township, village, parish, borough or other unit of general government below the state level with a population that exceeds 500,000, based on current U.S. Census Bureau data. Uses and Restrictions: The state of Florida has received a total of $8.3 billion in relief funding; of this amount, Sarasota County received approximately $75.7 million as of January 2021. On July 7, 2020, the Sarasota County Commission approved four funding distribution categories for the funds: 1. Health and Medical 2. Economic Recovery 3. Food, Water, Shelter 4. Safety and Security The Florida Division of Emergency Management (FDEM) is administering the funds on behalf of the U.S. Treasury. Sarasota County, as a subrecipient of these funds from FDEM, has received the initial 25 percent allocation, and these funds will be distributed as county programs are developed and implemented under Board direction. The County has received approval from FDEM for receipt of an additional 20 percent allocation. The remaining 55 percent allocation will be provided on a reimbursement basis. The fund finances necessary expenditures incurred due to the global health crisis – COVID-19 – and expenditures not accounted for in County approved budget as of the date of enactment of the CARES Act. Historic Courthouse
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