HomeMy WebLinkAbout07/16/2024 07.E. Resolution declaring up to $8.6 million in ARPA Funds as Revenue Replacement (Loss Revenue) 'V
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 7.E.
For Meeting of: July 16, 2024
ITEM TITLE: Resolution declaring up to $8.6 million in ARPA Funds as Revenue
Replacement (Loss Revenue)
SUBMITTED BY: Rosylen Oglesby, Assistant City Manager/Interim Director of Finance
and Budget
SUMMARY EXPLANATION:
ARPA funds have allowed opportunities to make transformational improvements in the City of Yakima.
Designating this revenue as Revenue Replacement allows for a wider range of government services,
programs, and projects outside of the eligible uses of CSLFRF obtained under the other categories.
ITEM BUDGETED: N/A
STRATEGIC PRIORITY: Fiscal Sustainability
RECOMMENDATION: Adopt resolution.
ATTACHMENTS:
Resolution ARPA Revenue Replacement additional 8.6 million
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RESOLUTION NO. R-2024-
A RESOLUTION designating up to $8.6 million of ARPA funds as Revenue Replacement.
WHEREAS, The Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program
authorized by the American Rescue Plan Act, delivers $350 billion to state, territorial, local, and
Tribal governments across the country to support their response to and recovery from the COVID-
19 public health emergency; and
WHEREAS, the City was awarded $26,195,479 from the federal government under the
American Rescue Plan Act; and
WHEREAS, the City previously determined it was eligible to claim up to $23.6 million in
revenue loss from the ARPA Act, and based on changes in regulations and recalculation, the City
is eligible to claim up to $31.1 million in revenue loss during the years 2020-2023; and
WHEREAS, the City previously designated $15.6 million of its ARPA funds as Revenue
Replacement; and
WHEREAS, the City has identified a total of $8.6 million that is either unassigned or was
previously designated under another eligible ARPA category but also fits under provisions of
government services and desires to reclassify those funds; and
WHEREAS, the City Council desires to take the amount of $8.6 million and designate it
as additional Revenue Replacement; and
WHEREAS, the City Council of the City of Yakima finds that it is in the City's and its
residents' best interest to allocate $8.6 million of ARPA funds as Revenue Replacement, bringing
the total to $24.2 million, as allowed by the federal guidelines;
Now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA:
The City Manager is hereby authorized to designate $8.6 million of ARPA funds as
additional Revenue Replacement to be used for provisions of government services.
ADOPTED BY THE CITY COUNCIL this 16th day of July 2024.
Patricia Byers, Mayor
ATTEST:
Rosalinda Ibarra, City Clerk
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