Clifton treasurer: town received $51,433 in CARES Act funds; four $10,000 local grants awarded

Town Treasurer Marilyn Barton provided financial reports and an update on CARES Act funding in documents filed for the Aug. 4 meeting. The Treasurer’s materials reported $51,433 in Federal COVID-19 funding as a subrecipient through Fairfax County; $1,666.99 was expended in FY20 and $49,766.01 deferred to FY21. The town allocated $40,000 to the Clifton IDA, which awarded grants to eligible businesses on the town’s behalf; the remaining balance available to the town to cover COVID-related costs was reported as $9,766.01.

At the meeting Mayor William Hollaway moved to accept the Treasurer’s Report, and the Council approved it by roll-call. The Council also approved motions to reinvest three Certificates of Deposit at John Marshall Bank for one year, appoint Councilmember Patrick Pline as an additional signatory for town checks, and engage the same auditor at the same price as the prior year to conduct the FY2020 audit.

The Treasurer’s attached cash-balance summary listed total checking/savings and CDs totaling $1,363,474.57 as of July 31, 2020, and recommended renewing John Marshall Bank CDs maturing Aug. 1, 2020, for one year at a lower interest rate. The Treasurer also reported an invoice from Fairfax County Office of Elections for $4,283.97 for the May election; she called for clarification on the large increase compared with 2016 costs and noted this cost may be allowable under CARES Act reimbursement if related to COVID-19 expenses.

Council recorded the approvals and directed staff to follow usual procurement and audit engagement steps.