Title
Consider a resolution authorizing the Mayor to execute the FY 2020 "Equitable Sharing Agreement and Certification" confirming the City's receipt and expenditure of federal asset forfeiture awards and agreeing to continue to participate in the receipt of federal forfeiture awards.
Body
This document is the annual report to the federal government that (a) confirms our receipt and expenditure of asset forfeiture awards from federal courts and (b) agrees to continue to participate in the receipt of federal forfeiture awards. These funds are part of what goes into the City’s Law Enforcement Fund every year.
In FY 2020, the Department started with a balance of $186,928.33 in federal asset forfeiture awards - about 94 percent of which came from Justice Department awards and the balance from Treasury awards. During the year, we received an additional $13,114.40 award through court process and interest income of $2,874.40 for a total of $202,917.22 in federal asset forfeiture funds.
From these funds, the Department spent $189,277.30 in a transfer to the Self-Finance Construction Fund to help pay for the Axon project that replaced in-car and body worn cameras. The final balance for FY 2020 was $13,639.92.
The second part of the document is an annual affidavit and agreement that allows the city to continue to receive federal awards from asset forfeiture proceedings.