Subject:
Title
American Rescue Plan Act (ARPA) Projects Update
Body
Presented By: Luke Morgan
Recommendation and Review
In December 2022, City Council budgeted the City’s $23.8 million American Rescue Plan Act (ARPA) State and Local Fiscal Recovery Funds (SLFRF) allocation to more than twenty projects spanning six focus areas. Since this Council action, ARPA projects have progressed and evolved, with some having reached completion and some having changed altogether. The City must obligate all its ARPA funds by December 31, 2024, and any unobligated funds after this date must be returned to the U.S. Treasury. Currently, the City has obligated $18,578,725, while $5,255,369 remain unobligated. All currently unobligated funds are budgeted and will be obligated by the end of the calendar year.