To: Honorable Mayor and Members of City Council
From: Steve Potter, City Manager
Prepared By: Anne Cardwell, Finance Director
TITLE:
Title
American Rescue Plan Act (ARPA) Funds
LABEL
RECOMMENDED ACTION:
Recommendation
1) Receive a presentation on ARPA and the proposed plan for the use of the $15.12M in ARPA funds.
2) Adopt a resolution approving the list of American Rescue Plan Act (ARPA) funded projects to be included in the FY 2022/23 budget process and revenue and expenditure budget adjustments to the FY 2021/22 adopted budget, as documented in Budget Adjustment No. BE2203503.
Body
DISCUSSION:
On March 11, 2021, President Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) of 2021 into law to address the COVID-19 pandemic and the corresponding economic crisis. The American Rescue Plan established the Coronavirus State and Local Fiscal Recovery Funds, which provides $350 billion in emergency funding for eligible state, local, territorial, and Tribal governments.
The Coronavirus State and Local Fiscal Recovery Funds (herein referred to as "Local Recovery Funds") are designed to bolster agencies' responses to the COVID-19 pandemic and its economic impacts by supporting the immediate pandemic response, bringing back jobs, and laying the groundwork for a strong and equitable recovery.
These Local Recovery Funds provide direct and flexible funding to municipalities to meet local needs arising from the pandemic. The following pages describe the Local Recovery Funds guidelines and recommend an approach for the use of the funds.
ARPA Funding
The American Rescue Plan Act allocated a total of $350 billion towards the Local Recovery Fund:
? State governments: $195.3 billion
? Counties: $61.5 billion
? Metropolitan Cities: $61.5 billion
? Tribal governments: $20 billion
? Non-entitlement Units of Local Government: $19.5 billion
This funding was allocated to deliver the following objectives:
* Support urgent COVID-19 response efforts to conti...
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