Second Round Of CARES Act Funding Announced
August 12, 2020
Stone County will begin accepting applications from non-profit organizations in its second phase of distributing funds from the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), said Sheila Thomas, President/CEO of Table Rock Lake Chamber of Commerce. The county commission contracted with the Chamber to manage the funds distribution process.
The application cycle for non-profit organizations begins August 10 and the deadline to submit applications is August 31. Eligible organizations in Phase II must be designated a 501(c)(3) organization by the IRS; and be headquartered in Stone County or have a physical office location in Stone County.
Applications are available online at visittablerocklake.com/caresact, or a paper application is available at the Chamber office, 14226 State Hwy. 13, Kimberling City, or by calling (417) 739-2564.
The CARES Act, signed into federal law on March 27, 2020, established the Coronavirus Relief Fund. Money was distributed to the states and Missouri subsequently allotted a portion to counties. Stone County received $3.7 million and is working on distributing funds to eligible entities.
Under the CARES Act, the funds are to be used to make payments for specified uses. Generally, the CARES Act provides that payments may only be used to cover costs that: (1) are necessary expenditures incurred due to the public health emergency with respect to COVID-19; (2) were not accounted for in the budget most recently approved as of March 27, 2020 for the government; and (3) were incurred during the period that begins on March 1, 2020 and ends on December 30, 2020. The funds cannot be used to replace lost revenue. There are other requirements, and additional guidance has been issued by the U.S. Treasury.
In Phase I of the county’s plan, eligible taxing entities who meet the following criteria: 1) the tax district must be wholly located with the county’s physical borders; or 2) the tax district’s headquarters must be located within the county’s physical borders are eligible to apply. Deadline for those applications is August 14.
The Chamber will review the applications for completeness, including supporting documentation such as invoices and receipts for expenses. A panel of community members will review the applications for compliance with the CARES Act requirements and Treasury guidance. The committee will make recommendations to the county commission, which will ultimately have the final authority to approve reimbursements from the fund.
Thomas said work continues on additional phases of the county’s plan.
The application cycle for non-profit organizations begins August 10 and the deadline to submit applications is August 31. Eligible organizations in Phase II must be designated a 501(c)(3) organization by the IRS; and be headquartered in Stone County or have a physical office location in Stone County.
Applications are available online at visittablerocklake.com/caresact, or a paper application is available at the Chamber office, 14226 State Hwy. 13, Kimberling City, or by calling (417) 739-2564.
The CARES Act, signed into federal law on March 27, 2020, established the Coronavirus Relief Fund. Money was distributed to the states and Missouri subsequently allotted a portion to counties. Stone County received $3.7 million and is working on distributing funds to eligible entities.
Under the CARES Act, the funds are to be used to make payments for specified uses. Generally, the CARES Act provides that payments may only be used to cover costs that: (1) are necessary expenditures incurred due to the public health emergency with respect to COVID-19; (2) were not accounted for in the budget most recently approved as of March 27, 2020 for the government; and (3) were incurred during the period that begins on March 1, 2020 and ends on December 30, 2020. The funds cannot be used to replace lost revenue. There are other requirements, and additional guidance has been issued by the U.S. Treasury.
In Phase I of the county’s plan, eligible taxing entities who meet the following criteria: 1) the tax district must be wholly located with the county’s physical borders; or 2) the tax district’s headquarters must be located within the county’s physical borders are eligible to apply. Deadline for those applications is August 14.
The Chamber will review the applications for completeness, including supporting documentation such as invoices and receipts for expenses. A panel of community members will review the applications for compliance with the CARES Act requirements and Treasury guidance. The committee will make recommendations to the county commission, which will ultimately have the final authority to approve reimbursements from the fund.
Thomas said work continues on additional phases of the county’s plan.