AGENDA CAPTION:
Title
Receive a Staff presentation regarding the current status of American Rescue Plan (ARP) funding, and provide direction to the City Manager.
Body
Meeting date: February 18, 2025
Department: City Manager’s Office
Amount & Source of Funding
Funds Required: Click or tap here to enter text.
Account Number: Click or tap here to enter text.
Funds Available: Click or tap here to enter text.
Account Name: Click or tap here to enter text.
Fiscal Note:
Prior Council Action: City Council approved Resolution 2024-226R at the November 19, 2024 City Council meeting to reallocate American Rescue Plan funds.
City Council Strategic Initiative: [Please select from the dropdown menu below]
Public Safety, Core Services & Fiscal Excellence
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
☐ Economic Development - Choose an item.
☐ Environment & Resource Protection - Choose an item.
☐ Land Use - Choose an item.
☐ Neighborhoods & Housing - Choose an item.
☐ Parks, Public Spaces & Facilities - Choose an item.
☐ Transportation - Choose an item.
☐ Core Services
☐ Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
The US Treasury launched the Coronavirus State and Local Fiscal Recovery Fund totaling $350B approved through the American Rescue Plan. San Marcos has received an allocation of $18,101,483. The City received half of the funds in June 2021 and the remaining funds in June 2022. Funds were required to be allocated by 12/31/24 with funds expended by 12/31/26. The first tranche was allocated in 2021, the first round of the second tranche was allocated in 2022, and the remaining funds were allocated in June 2023. In addition to ARP, the City was also awarded Coronavirus Relief Funds (CRF) in 2021 that freed up $2.6 million in General Funds. The most recent status report for this funding is attached.
December 31, 2024 was the deadline to have all funds obligated. As we have continued to implement and close out some projects, we have identified excess funds in the amount of about $28,000 that are available to be used for already existing obligations. Staff recommends putting these toward the agreement with Blanco River Regional Recovery Team to provide rental and utility assistance that was approved by City Council in December 2024.
Council Committee, Board/Commission Action:
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Alternatives:
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Recommendation:
Staff seeks Council direction regarding American Rescue Plan funding.