Kane County Sitting On $7M Surplus Of Coronavirus-Relief Funds

KANE COUNTY, IL — Despite fears that $93 million of coronavirus relief would not be enough for Kane County, officials now find themselves with a multimillion-dollar surplus, according to a report by the Daily Herald. Kane County would still have about $7 million of its federal CARES Act funding if […]

KANE COUNTY, IL — Despite fears that $93 million of coronavirus relief would not be enough for Kane County, officials now find themselves with a multimillion-dollar surplus, according to a report by the Daily Herald.

Kane County would still have about $7 million of its federal CARES Act funding if it approved all grant applications it has received, the report states.

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County officials encouraged local municipalities, small business, nonprofits and other organizations to apply for a portion of the county’s federal allocation, expecting to be forced to reject many applications due to insufficient funds.

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Kane County is set to keep about $51 million of the federal funds to cover its expenses, while local municipalities are expected to receive tens of millions to help them offset coronavirus-related debts.

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Local park districts, library districts, townships and the forest preserve district applied for grants worth about $1.85 million, the Daily Herald reports.

The county set aside about $8 million for small business and nonprofits, but has received 253 applications worth a total of about $5 million, the Daily Herald reports.

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All application windows have now closed, and officials must now determine what do with the extra money, which must be spent in less than 90 days, the Daily Herald reports.

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Members of Kane County’s CARES Act allocation committee are expected to increase the allocation for fire districts. Officials budgeted $1.35 million for fire districts, but those organizations requested more than $6 million, the report states.

Kane County is not expected to accept new applications for the remaining coronavirus-relief funding.

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This article originally appeared on the Geneva Patch

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