Finance Committee - 08/05/2020 Page 9
Alderman Klee
OK thank you very much.
Mayor Donchess
Alderman Laws?
Alderman Laws
| just wanted to congratulate Mr. Caggiano. | know he’s wanted this sign for a while and | am glad that is finally
happening. | think it is going to do a lot to enhance the esthetic of Holman Stadium.
Mr. Caggiano
Thank you.
Mayor Donchess
Anyone else?
Alderwoman Lu
| am just wondering is there actually a fund with a number that is GOFERR or are we tracking these. The
reason | ask is in the past I’ve seen notation on this expenditure record of COVID-19 and how are we doing
this now?
Mayor Donchess
Well the GOFERR funds we will get reimbursed. We are advancing the funds, you know, we have a lot of cash
on hand so we are advancing the funds but we will be reimbursed out of the GOFERR Funds and very careful
track is being kept of all of the GOFERR related purchases by our Finance Team, Mr. Griffin. Ms. Kleiner has
a spread sheet of everything that is scheduled to be purchased via GOFERR. We meet periodically to go over
the list; for example today. The total GOFERR reimbursement that we are eligible for is about — slightly short
but $2.1 million dollars. We have scheduled all of that to be used for various COVID related needs and this
being one of them.
Alderwoman Lu
So by that do you mean that we have a receivable account that these are (audio cuts out) account that these
are being ....
Mayor Donchess
Mr. Griffin, | don’t know what exactly the accounting procedure is. | know we are advancing the funds and we
will be reimbursed.
John Griffin, CFO
Mr. Mayor if | may? The good news here is that the Board of Alderman several months ago approved a
GOFERR Fund Grant so it set the grant up. So all of the expenses that we reviewed with you today are being
charged to the grant: so no eligible expense is being charged to any operating accounts, rather it is going into
the grant so it is well positioned for reimbursement by the State.
