Submission for additional Phase 2 funding is required to be provided to the Ministry by no later than October 30, 2020. The Ministry will inform the City if they will be provided additional funding by the end of 2020, and if approved, a payment would be made in early 2021.
As noted in the table below the necessary documentation and guidelines, required from the Ministry, on reporting of Phase 1 funding and justifying the need for Phase 2 municipal operating funding, has not yet been received. To reduce the risk that the timing and or complexity of these reporting requirements is impacted by a short turn-around time Administration is requesting approval in this report to submit to Phase 2 funding. Unlike other grants, this program is not a“project based” submission and as such only increased costs and or lost revenues which meet with the province’s defined requirements will be put forth in the submissions.
| Municipal Operating Stream | ||
|---|---|---|
| Milestone / Task | Required Documentation | Deadline |
| Funding Allocation Acknowledgement | Signed Communication Letter from the Ministry of Municipal Affairs and Housing by the Municipal Treasurer | September 11, 2020 |
| Phase 1 reporting requirements provided | Ministry to issue all documents, agreements and such required to secure and report on Phase 1 funding use. | Anticipated by early September |
| Request for Additional Funding (Phase 2)* | Ministry to provide specific guidelines and forms required for submission | TBD |
| Request for Additional Funding (Phase 2)* | Report to demonstrate 2020 COVID-19 operating costs and pressures exceed Phase 1 allocated funding | October 30, 2020 (or request by this date a 1 week extension) |
| Notification of Phase 2 funding decision | Provincial decision on need for Phase 2 funding | Response provided by year end 2020 with payment by early 2021 |
| 2020 COVID-19Operating Costs andPressures Report* | Submission details to be based on forms received by Ministry | March 31, 2021 |
Risk Analysis:
Failure to meet the deadline to provide acknowledgment for the Phase 1 funding may forfeit the City’s payment of $12,026,800.00 and any further possibility of requesting further assistance as described in Phase 2.