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File #: 23-0136    Version: 1 Name: ARPA UPDATE
Type: CC- Report Status: Agenda Ready
File created: 11/21/2023 In control: City Council
On agenda: 12/12/2023 Final action:
Title: REPORT - ARPA SPENDING PLAN UPDATE BACKGROUND: This item provides an update on ARPA programs, since the approval of the ARPA Spending Plan by the City Council in February 2022 and suggests modifications to the 2022 ARPA spending plan. In addition, staff seeks approval to shift funding between programs to address funding needs and ensure ARPA funds are spent during the period of performance. RECOMMENDATION: It is recommended by the City Manager’s Office and the Finance Department that the Council receive an update of the American Rescue Plan Act (ARPA) Spending Plan, and by Resolution: 1) approve a change in the Spending Plan, moving budget totaling $2,000,000, from the Samuel Jones Hall Capital Projects Program to the Hearn Community Hub project; and 2) authorize the City Manager to shift funding between programs as needed, not to exceed $500,000 without returning to Council, to comply with federal regulations ensuring all ARPA funds are expended within the period of performance.
Sponsors: City Manager
Indexes: Not a Project
Attachments: 1. Staff Report, 2. Resolution, 3. Exhibit A, 4. Presentation, 5. Late Correspondence (Uploaded 12-18-2023)
Related files: 23-0260, 22-0069