HomeMy WebLinkAboutR-2024-127 Resolution declaring up to $8.6 million in ARPA Funds as Revenue Replacement (Loss Revenue) RESOLUTION NO. R-2024-127
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.
r,r< Patricia Byers, ayor
ATTEST:
SEAL
Rosalinda Ibarra, City Clerk RING-c—
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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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