IRMA: Monroe County Financial Updates
NEW MONEY IN THE BANK: HURRICANE IRMA FINANCIAL UPDATE
Tina Boan, Monroe County Director of Budget and Finance, presented the Hurricane Irma recovery finance report at today’s Board of County Commission meeting in Marathon.
As of July 17, 2019, the County has submitted $60.6 million in completed and tentative projects for approval to the U.S. Dept. of Homeland Security Federal Emergency Management Agency (FEMA) and the Florida Department of Emergency Management (FDEM). The state has validated, or approved, $34.5 million of the $45 million in completed or in-progress projects to be dispersed to Monroe County. The County has received a total of $24.6 million (in the bank). The remaining expenses are still in the first review phase.
“The $16.7 we received this week is the biggest chunk we have been issued, so this is huge, and we have another $2 million in the pipeline to receive,” said Boan. “Monroe County staff has worked very hard and I want to make sure they are recognized for their outstanding jobs.”
Regarding the $6 million basecamp appeal, County Administrator Roman Gastesi is optimistic the appeal will be supported and overturned.
- Hurricane Irma Financial Update: July 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.