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Agenda 06/22/2021 Item #16E7 (Recognizing Interest - EMS Cares Act Provider Relief Payment)06/22/2021 EXECUTIVE SUMMARY Recommendation to recognize accrued interest from the period January 1, 2021 through April 30, 2021 earned by EMS Cares Act Provider Relief Payment and appropriate funds for a total amount of $113.57. OBJECTIVE: To appropriate accrued interest earned from January 1, 2021 - April 30, 2021 for EMS Cares Act Provider Relief Payment awarded by The Department of Health and Human Services (HHS). CONSIDERATIONS: Former President Trump signed a bipartisan CARES Act that provided $100 billion in relief funds to Hospitals and Healthcare providers on the front lines of the coronavirus response. Immediately, $30 billion was distributed to the Healthcare systems and electronically deposited to eligible Providers. Collier County EMS received $458,750.17 on April 17, 2020. The Department of Health and Human Services (HHS) requires that all recipients of these funds recognize interest. The State allows for the rollover of any unexpended funds, including interest, to the next fiscal year for Count y expenditure. Interest in EMS Grant Fund 493 has accrued to a balance of $113.57 through April 30, 2021. Staff is seeking Board approval to recognize and appropriate this accrued interest in order to expend the funds. FISCAL IMPACT: A Budget Amendment is required to recognize a total of $113.57 within EMS Grant Fund 493, Project 33684 for accrued interest. LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, raises no legal issues and requires majority vote for approval. -JAK GROWTH IMPACT: None. RECOMMENDATION: That the Board of County Commissioners approves the necessary Budget Amendments in the amount of $113.57 to appropriate accrued interest through April 30, 2021. PREPARED BY: Erin Cook, Accounting Supervisor - Emergency Medical Services Admin. 16.E.7 Packet Pg. 2775 06/22/2021 COLLIER COUNTY Board of County Commissioners Item Number: 16.E.7 Doc ID: 16040 Item Summary: Recommendation to recognize accrued interest from the period January 1, 2021 through April 30, 2021 earned by EMS Cares Act Provider Relief Payment and appropriate funds for a total amount of $113.57. Meeting Date: 06/22/2021 Prepared by: Title: Accounting Technician – Emergency Medical Services Name: Erin Page 05/25/2021 1:02 PM Submitted by: Title: Division Director - EMS Operations – Emergency Medical Services Name: Tabatha Butcher 05/25/2021 1:02 PM Approved By: Review: Emergency Medical Services Tabatha Butcher Director Review Completed 05/25/2021 2:54 PM Agenda Clerk Preview Michael Cox Agenda Clerk Preview Completed 05/26/2021 1:56 PM Grants Valerie Fleming Level 2 Grants Review Completed 05/27/2021 2:46 PM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 05/27/2021 5:06 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 05/28/2021 9:02 AM Office of Management and Budget Laura Wells Additional Reviewer Completed 06/08/2021 9:30 AM Grants Erica Robinson Additional Reviewer Completed 06/14/2021 8:56 AM County Manager's Office Sean Callahan Level 4 County Manager Review Completed 06/14/2021 9:26 AM Board of County Commissioners Geoffrey Willig Meeting Pending 06/22/2021 9:00 AM 16.E.7 Packet Pg. 2776