DEPARTMENT: Finance
FILE TYPE: Regular Information
TITLE
title
Update On Obligation Of American Rescue Plan Act Funding
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PURPOSE/ACTION REQUESTED
Receive an update on obligation of American Rescue Plan (ARP) Act funding.
SUMMARY
On March 11, 2021, the American Rescue Plan (ARP) Act was signed into law by the President in response to the unprecedented impacts of the COVID-19 health emergency on the economy, public health, state and local governments, individuals, and businesses. ARP provides various new sources to fund for the County's relief and response efforts related to COVID-19.
Dakota County received ARP funds in the amount of $83,332,300. To date, the County Board has allocated $82,435,977 of available ARP funds to 19 ARP eligible programs or projects.
On December 31,2024, the County will be required to obligate any unspent ARP funds to be used from January 1, 2025, through December 31, 2026. Current rules would require the County to return to the Treasury any ARP funds that have not been obligated by the obligation deadline of December 31, 2024. The County would also be required to return any ARP funds not expended by December 31, 2026.
Staff will present to the Board an update on current ARP allocations and expenditures and recommendations for obligating remaining ARP funds.
RECOMMENDATION
recommendation
Information only; no action requested.
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EXPLANATION OF FISCAL/FTE IMPACTS
? None ? Current budget ? Other
? Amendment Requested ? New FTE(s) requested
RESOLUTION
body
Information only, no action requested.
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PREVIOUS BOARD ACTION
21-038; 1/19/21
21-272; 5/18/21
ATTACHMENTS
Attachment: ARP Project Financials
BOARD GOALS
? A Great Place to Live ? A Healthy Environment
? A Successful Place for Business and Jobs ? Excellence in Public Service
CONTACT
Department Head: Paul Sikorski
Author: Karen Cater
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