Title
Resolution amending the Fiscal Year 2010-2011 Annual Budget, authorizing a transfer of funds from the General Fund Reserves into the Hurricane Assistance Fund, and authorizing the reimbursement of funds to the State of Florida Division of Emergency Management.
Body
The Federal Emergency Management Agency (FEMA) obligated and approved funding for various 2005 Hurricanes. During the close-out and reconciliation of the large projects, the City submitted reimbursement requests to both FEMA and the Federal Highway Administration (FHWA) for the same expenditures. Reimbursement was received from both agencies whereas it should have only been received from FHWA, thereby creating an overpayment in the amount of $1,486,404.16.
In September 2010, via Resolution No. 2010-206, the City requested a repayment plan from the State of Florida Division of Emergency Management to pay back the amount overpaid over a period of 11 years. The State of Florida did not approve the repayment plan and has invoiced the City for reimbursement of funds totaling $1,486,404.16. The City has under appeal with the State of Florida the amount of $355,631.81 and is therefore only submitting reimbursement of $1,150,772.35 at this time.
This resolution amends the FY2010-2011 budget in the amount of $1,150,772.35, authorizes a transfer of funds from the General Fund Reserves to the Hurricane Assistance Fund in the amount of $1,150,453.35 and authorizes the City to reimburse the State of Florida Division of Emergency Management with a current payment in the amount of $1,150,772.35.