DATE: May 19, 2021
TO: Council Budget and Finance Committee
FROM: Director of Finance
SUBJECT
COVID-19 Funding Update
RECOMMENDATION
That the Committee receives the report on the status of COVID-19 related expenditures, revenues, and reimbursement opportunities.
SUMMARY
In response to the sudden onset of the COVID-19 pandemic, the City of Hayward dedicated significant financial and staff resources in an effort to combat the negative impacts on the Hayward community. These efforts include but are not limited to: (1) mobilization and operation of COVID-19 testing and vaccination sites; (2) establishment of a weekly food distribution site; (3) development of rent relief programs; and (4) awarding grants to local businesses, nonprofits, and community partners.
As the impacts of the pandemic continue, the City has received assistance and reimbursements to offset the use of some of the resources its used associated with COVID-19 response. Table 1, below, shows a high-level summary of revenues and expenses related to these efforts. More detailed revenue and expense summaries for the General Fund and all Other Funds can be found in Attachment II and Attachment III, respectively.
Table 1. Summary of COVID-19 Revenues and Expenses (All Funds)
|
All Funds |
Total |
|
Revenues |
$ 6,748,835 |
|
Expenses |
$ 9,339,807 |
|
NET TOTAL |
$ (2,590,972) |
ATTACHMENTS
Attachment I Staff Report
Attachment II General Fund COVID-19 Revenue and Expenditures
Attachment II Summarized Non-General Fund COVID-19 Funding