HomeMy WebLinkAboutStaff Report LATCF - ARPA Award $2.4MMStaff Report by: Brian Carlson, Budget and Finance Director BOCC Regular Meeting
Topic: Local Assistance and Tribal Consistency Fund November 1, 2022
Approval of $2.4MM Award
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Summary:
• The Treasury Dept recently announced a $2.4MM award to Kittitas County
• Award is paid in two equal “tranches” of $1.2MM, spanning two County budget-years
Background & Analysis:
• This award is part of the American Rescue Plan Act (“ARPA”)
• Payment is based on PILT criteria, i.e. based on Fed Lands within the entity’s jurisdiction
• Finance staff is administering the application process
• Attached Doc memorializes agreement between County & Fed/Treasury
• Award is essentially “general revenue” and has no corresponding conditions or deadlines for appropriation
and expenditure
Conclusion / Next Steps:
• Finance staff will finish application once attached doc is signed and submitted
• Finance staff will coordinate w/Treasurer’s Office for timing of cash receipt
• Finance Director will reflect revenues in year-end 2022 Budget revision and in 2023 budget
• Unappropriated funds will be embedded in ARPA Fund balance, along with $9.3MM of previously-awarded
“ARPA” funds