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Commissioner Worley - Finance - To Amend Gaston County ARPA Grant Project Ordinance 2021-264 to Approve and Appropriate Project Funding for the Revenue Replacement ($10,000,000)
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STAFF CONTACT
Tiffany Murray - Finance - 704-866-3032
BUDGET IMPACT
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Increase revenue and expense in the ARPA Fund by $10,000,000.
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BUDGET ORDINANCE IMPACT
Minimal change to the Budget Ordinance.
BACKGROUND
The American Rescue Plan (ARP) Act of 2021 created new Coronavirus State and Local Fiscal Recovery Funds. The Act sets aside $65.1 billion to be allocated to counties based on population and sent directly from the Department of Treasury. Gaston County has received the allocation of $43,612,126 million. Pursuant to Section 13. 2 of Chapter 159 of the General Statutes of North Carolina, the Gaston County Grant Project Ordinance 2021-264 for the Gaston County Coronavirus State and Local Fiscal Recovery Funds was adopted in Regular Session by the Gaston County Board of Commissioners on September 28, 2021. This Board Action, if approved, amends Section 2 of the Gaston County ARPA Grant Project Ordinance and accepts and appropriates funds for the following project:
1. Standard Allowance - (General Government Revenue Replacement $10,000,000): The SLFRF allows for the standard allowance to be used to fund general government services with revenue from ARPA. It cannot be used for fund balance reserves, pension contributions, tax reduction, or debt service. The standard allowance will be used to cover the match for the Charter communication grant and public safety salaries. General fund savings will be used to fund design of the public safety campus.
POLICY IMPACT
N/A
ATTACHMENTS
Amended ARPA Grant Project Ordinance 2021-264; Budget Change Request (BCR)