Submitted by: Ron Brooks
Submitting Department: Finance
Agenda Section: Consent
Item Title:
title
FY24 Budget Amendment: Special Revenues Budget Appropriation of American Rescue Plan Act Funds
end
Suggested Action:
recommendation
I move that the Mayor and Council amend the FY24 Special Revenues Fund Budget and appropriate $803,401 of unencumbered (unused) FY23 ARPA funds and an additional $6,731,771 for a total of $7,535,172 in FY24 ARPA funds to cover anticipated expenditures in various categories to include, but not limited to, salaries, supplies, contract services, professional services, capital equipment, miscellaneous reimbursements, and grant awards through June 30, 2024. Any remaining ARPA funds will be submitted to the Council to appropriate in accordance with an updated and approved spending plan. All ARPA funds must be obligated between March 3, 2021, and December 31, 2024, and all obligated funds must be spent by December 31, 2026.
end
Summary Background:
During the COVID-19 pandemic began, the United States Federal Government passed landmark relief legislation to address the ongoing health and economic crisis. The first measure, passed on March 27, 2020, was the Coronavirus Aid, Relief, and Economic Security Act (H.R. 748, 116th Congress) (the "CARES Act"). The second piece of relief legislation, the American Rescue Plan Act of 2021 (H.R. 1319, 117th Congress), was signed into law on March 11, 2021 (the "ARPA").
These funds have provided significant relief to deal with ongoing COVID-19 pandemic related issues. Specific amounts of ARPA funds are earmarked for State, County, and Municipal governments, and the City of Hyattsville share of ARPA funds approved and received to date is $17,968,001.
Hyattsville received funds in two (2) allocations. The first allocation of $8,980,640 was received on July 19, 2021, and the second allocation of $8,987,361.45 was received on August 8th, 2022. All ARPA funds must be obligated by December 31, 2024, an...
Click here for full text