ITEM TITLE:
#21-26 - Amending the 2021 City Budget by Accepting $930,567.10 in Unbudgeted American Rescue Plan Act (“ARPA”) Grant Revenues and Appropriating Same to Sewer Force Main Project Within the Capital Projects Reserve Fund
SUBMITTED BY: Brian Carlson, Finance Director
FISCAL NOTES:
Expenditure Required: $930,567.10
Unencumbered Balance: $930,567.10
Funding Source: 310.0000.33412, ARPA Grant revenue
RECOMMENDATION:
Approve
SUMMARY STATEMENT:
• This resolution formalizes acceptance of pending ARPA grant funds, released by the Federal government and administered by AK-DCCED
• Certain capital/infrastructure projects are explicitly authorized in related grant guidance documents. Management recommends the sewer force main as a destination for these grant funds.
• This $930K represents “non-entitlement unit” (NEU) recipient funds only. Management has identified the possibility of an additional, roughly equal award as a “census area” recipient, but this award is not yet certain. Management will keep Council apprised, and will return with an additional budget amendment resolution as needed.