IRMA: Financial Updates
MONROE COUNTY FINANCIAL UPDATES
As of April 30, 2019, the County has submitted $50.4 million in projects for FEMA reimbursement. FEMA has approved $43.4 million of those submitted expenses and forwarded the approvals to the state Department of Emergency Management for its approval. Once the state approves expenses, FEMA can obligate the money to the State for payment to the County.
As of April 30, 2019, the state has validated, or approved, about $11.6 of the $43.4 million. The remaining expenses are still in the first review phase. FEMA has obligated about $11.6 million in County expenses and made those funds available to the State for distribution to the County. Before releasing the funds, the State does a second review process. The County has received $7.8 million of the $11.6 in reimbursements from the State of the County's FEMA-obligated funds.
As of the April 17, 2019 Monroe County Board of County Commissioners meeting, Budget and Finance Director Tina Boan has also received in writing that $11 million for debris removal has been 100% validated at the state level. She expects the funding to come through before the July 2019 BOCC meeting. “We have a good working relationship with the Department of Emergency Management and we are continuing to move forward,” she said.
Regarding the $6 million basecamp appeal, County Administrator Roman Gastesi is optimistic the appeal will be supported and overturned.
- Hurricane Irma Financial Update: May 2019 Opens a New Window.
FEMA FUNDING TO KEYS FOR IRMA
As of Sept. 4, 2018, Monroe County homeowners, renters and businesses have received more than $514 million in federal funding to help them recover from Hurricane Irma, according to information provided by FEMA.