ITEM TITLE:
#22-25 - Amending the 2022 City Budget by Accepting $1,251.63 in Unbudgeted American Rescue Plan Act (ARPA) Grant Revenues and Appropriating Same to the Sewer Force Main Project Within the Capital Projects Reserve Fund
SUBMITTED BY: Jordan Nelson, Interim Finance Director
FISCAL NOTES:
Expenditure Required: 1,251.63
Unencumbered Balance: 1,251.63
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 $1,251.63 represents the second tranche of the City’s portion of remaining ARPA funds redistributed on a per capita basis resulting from declinations and nonresponse by municipalities across the state of Alaska