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CARES Act Funding
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DESCRIPTION: Grant Application for FY 2021 Section 5307 CARES Act Funding |
AGENDA NO: Click or tap here to enter text. |
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ACTION REQUEST: ☒ Approval ☐ Review Comment ☐ Information Only ☐ Other |
RECOMMENDATION:
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To authorize the CEO to submit a grant application for Coronavirus Aid, Relief, and Economic Security (CARES) Act funding (CRRSAA).
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ISSUE/BACKGROUND:
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Staff is interested in filing a grant application for fiscal year 2021 Section 5307 Coronavirus Response and Relief Supplemental Appropriation Act (CRRSAA) funding for Operating Assistance during the COVID 19 Pandemic.
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DISCUSSION:
The Regional Transit Authority is applying for Section 5307 CRRSAA Act grant application for fiscal year 2021 funding in the amount of $26,285,000 for Operating Assistance. The total eligible cost is $26,285,000 and will be funded 100% FTA and zero RTA match. CRRSAA directs recipients to prioritize payroll and operational needs.
FINANCIAL IMPACT:
Total Budget is $26,285,000; Federal Share is $26,285,000 and RTA Local Match is $0.
NEXT STEPS:
Upon Board approval staff will submit FY2021 grant application for Section 5307 CRRSAA Act Funding, once approved by FTA staff can begin to draw down funds.
ATTACHMENTS:
Resolution
Prepared By: Raymond Vance
Title: Grants Administration Manager
Reviewed By: Ronald Baptiste
Title: Director of Procurement
Reviewed By: Gizelle Banks
Title: Chief Financial Officer
3/30/2021
Alex Wiggins Date
Chief Executive Officer