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HomeMy WebLinkAboutR-2023-178 Resolution designating $719,091 of ARPA Funds as Revenue Replacement RESOLUTION NO. R-2023-178 A RESOLUTION designating $719,091 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 determined it was eligible to claim up to $11.9 million in revenue loss from the ARPA Act in 2021, and, based on a change in regulations, the city is now eligible to take an additional $11.7 million under the federal regulations and guidelines; and WHEREAS, the City has $719,091 of unassigned ARPA funds; and WHEREAS, the City Council desires to take the unassigned amount of$719,091 and designate it as additional Revenue Replacement; and WHEREAS, the City Council of the City of Yakima finds that it is in the best interest of the City and its residents to designate $719,091 of unassigned ARPA funds as Revenue Replacement, 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 $719,091 of ARPA funds as Revenue Replacement to be used for provisions of government services. ADOPTED BY THE CITY COUNCIL this 12' day of December 2023. �Ki ...�� Janice Deccio, Mayor ATTEST: a 1 •c AL a. —•*7,405 osalinda Ibarra, City Cler'ikt1 H-G-c°s 1 :ems An , per BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STAT EM ENT Item No. 7.1. For Meeting of: December 12, 2023 ITEM TITLE: Resolution designating $719,091 of ARPA Funds as Revenue Replacement SUBMITTED BY: *Mark Roberts, 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: NA STRATEGIC PRIORITY: Public Trust and Accountability APPROVED FOR SUBMITTAL BY THE CITY MANAGER RECOMMENDATION: Adopt Resolution. ATTACHMENTS: Description Upload Date Type ❑ 12/8/2023 2 RESOLUTION NO. R-2023- A RESOLUTION designating $719,091 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 determined it was eligible to claim up to $11.9 million in revenue loss from the ARPA Act in 2021, and, based on a change in regulations, the city is now eligible to take an additional $11.7 million under the federal regulations and guidelines; and WHEREAS, the City has $719,091 of unassigned ARPA funds; and WHEREAS, the City Council desires to take the unassigned amount of$719,091 and designate it as additional Revenue Replacement; and WHEREAS, the City Council of the City of Yakima finds that it is in the best interest of the City and its residents to designate $719,091 of unassigned ARPA funds as Revenue Replacement, 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 $719,091 of ARPA funds as Revenue Replacement to be used for provisions of government services. ADOPTED BY THE CITY COUNCIL this 12th day of December 2023. Janice Deccio, Mayor ATTEST: Rosalinda Ibarra, City Clerk