Consider approval of a request to amend the fiscal year 2022-2023 budget to appropriate funds from Coronavirus State and Local Fiscal Recovery Funds established under the American Rescue Plan Act for exterior repairs at the Moore Memorial Public Library.

The United States Department of the Treasury has allocated the Coronavirus State and Local Fiscal Recovery Funds (CSLFR) under the American Rescue Plan Act.  These funds are to be used for specific listed eligible uses in the following categories: public health and economic impacts, premium pay, revenue loss, and investments in infrastructure.  The City of Texas City has been awarded $10,309,444.00.  The funds must be obligated by December 31, 2024 and expended by December 31, 2026.

Some of the funding has already been allocated and is being spent on assistance to households and utilities infrastructure.  

This request is for funding of exterior building repairs at the Moore Memorial Public Library, not to exceed $500,000.00.  See attached listing of items.

Funding will come from the American Rescue Plan's unassigned fund balance.
 

The Finance Director recommends the following Budget Amendment:

American Rescue Plan - CSLFR Fund  (Fund 243):
Library building repairs               $500,000.00
Unassigned fund balance         ($500,000.00)