Submitted by: Ron Brooks
Submitting Department: Finance
Agenda Section: Consent
Item Title:
title
FY25 Budget Amendment: Special Revenues Budget Appropriation of American Rescue Plan Act Funds
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Suggested Action:
recommendation
I move that the Mayor and Council amend the FY25 Special Revenues Fund Budget and appropriate the remaining ARPA fund balance of $8,627,160 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 December 31, 2024. All ARPA funds must be obligated by December 31, 2024, and all obligated funds must be spent by December 31, 2026.
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Summary Background:
During the COVID-19 pandemic, 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"). Specific amounts of ARPA funds were 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, and spent by December 31, 2026.
The current request is to amend the FY25 Special Revenues Fund Budget and to appropriate the remaining ARPA fund Balance of $8.6 million to cover anticipated expenditures in accordance with the approved spending plan in various categories to include but not limited to staffing, supplies, contract services, ...
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