Authorize an interfund loan from Capital Facilities Plan Fund No. 3100 to COVID-19 Response Fund No. 1410. BEFORE THE BOARD OF COUNTY COMMISSIONERS
LEWIS COUNTY, WASHINGTON
IN THE MATTER OF: RESOLUTION NO. 22-214
AUTHORIZE AN INTERFUND LOAN FROM CAPITAL
FACILITIES PLAN FUND NO. 3100 TO COVID-19
RESPONSE FUND NO. 1410
WHEREAS, the Lewis County Board of County Commissioners (BOCC) established
a separate fund titled COVID-19 Response Fund No. 1410 for all COVID-19
expenditures eligible for federal reimbursement; and
WHEREAS, Resolution 20-194 authorized an inter-fund loan from Capital Facilities
Plan Fund No. 3100 to the COVID-19 Response Fund No. 1410 for payment of up
to $4,371,400.00 of reimbursable expenses related to the COVID relief efforts in
Lewis County; and
WHEREAS, the county continues to receive federal and state funding in order to
respond to the continuing Public Health emergency and associated economic
impacts; and
WHEREAS, it is necessary to increase the cash-flow loan amount and extend the
period in which funds will be available to cover reimbursable expenditures related
to the COVID-19 relief efforts in Lewis County; and
WHEREAS, it appears to be in the best public interest to authorize an inter-fund
loan from Capital Facilities Plan Fund No. 3100 to the COVID-19 Response Fund
No. 1410 for up to $2,000,000 to be utilized for payments of expenditures related
to COVID-19 response efforts in Lewis County.
NOW THEREFORE BE IT RESOLVED that the term of the inter-fund loan shall be
up to 12 months with an interest rate of 0.00%, due to the short term of the loan,
and principal payment shall be completed upon final reimbursement payment
received from the grantors. There will be no penalty for early or pre-payments on
the loan.
DONE IN OPEN SESSION this 19th day of July, 2022.
Page 1 of 2 Res. 22-214
APPROVED AS TO FORM: BOARD OF COUNTY COMMISSIONERS
Jonathan Meyer, Prosecuting Attorney LEWIS COUNTY, WASHINGTON
Amber Smith Lindsey R. Pollock, DVM
By: Amber Smith, Lindsey R. Pollock, DVM, Chair
Deputy Prosecuting Attorney
.
ATTEST: •'�°""T' "9' Sean D. Swope
•v�OPRD OF'S`•.
Skean D. Swope, Vice Chair
CE
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•
Rieva Lester '•�S? �oM�^:y
•:f��Tot,s.. F. Lee Grose
Rieva Lester, F. Lee Grose, Commissioner
Clerk of the Lewis County Board of
County Commissioners
Page 2 of 2 Res. 22-214
BOCC AGENDA ITEM SUMMARY
Resolution: 22-214 BOCC Meeting Date: July 19, 2022
Suggested Wording for Agenda Item: Agenda Type: Deliberation
Authorize an interfund loan from Capital Facilities Plan Fund No. 3100 to COVID-19 Response Fund
No. 1410
Contact: Becky Butler Phone: 3607401198
Department: BUD - Budget
Description:
Authorizing an interfund loan from Capital Facilities Plan Fund No. 3100 to COVID-19 Response
Fund No. 1410
Approvals: Publication Requirements:
Publications:
User Status
Arny Davis Pending
PA's Office Pending
Additional Copies: Cover Letter To:
Arny Davis, Rodney Reynolds, Larry Grove,
Doug Carey, Steve Wohld, Grace Jimenez and
Erik Martin