Item 19 - Appropriation Adjustment for the Shuttered Venue Operators Grant

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Parks, Recreation, and Community Services www.santa-ana.org/parks Item # 19 City of Santa Ana 20 Civic Center Plaza, Santa Ana, CA 92701 Staff Report September 21, 2021 TOPIC: Appropriation Adjustment for the Shuttered Venue Operators Grant AGENDA TITLE: Approve an Appropriation Adjustment to Recognize and Appropriate Grant Revenue from the Shuttered Venue Operators Grant Program (Non-General Fund) RECOMMENDED ACTION Approve an appropriation adjustment to recognize $689,120.19 in grant revenue from the Small Business Administration, Shuttered Venue Operators Grant Program and appropriate $689,120.19 into the corresponding expenditure accounts (Miscellaneous Grants Fund) for losses the Santa Ana Zoo at Prentice Park incurred during the COVID- 19 pandemic. DISCUSSION The Shuttered Venue Operators Grant (SVOG) program was established in the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act) and later amended by the American Rescue Plan Act to provide aid to live venue operators impacted by the COVID-19 pandemic. Under the program, eligible entities submitted grant applications for an amount based on a formula applied to their 2019 earned revenue or $10 million, whichever was less. Using the SVOG formula guidelines, the City submitted an application for $689,120 in April 2021. On July 17, 2021, the Small Business Administration (SBA) notified the City of Santa Ana that their application was approved. The SBA provided the City until July 31, 2021 to acknowledge the grant. The City did so through the submittal of documents requested by the SBA. The City has since received a check from the SBA for the full grant amount. Below are examples of uses that the grant may be applied to: Payroll costs Rent payments Utility payments Scheduled mortgage payments (not including prepayment of principal)