File #: ID#22-479    Version: 1 Name:
Type: Discussion Item Status: Individual Consideration
File created: 6/20/2022 In control: City Council
On agenda: 6/29/2022 Final action:
Title: Receive a presentation on the second tranche of funds received under the American Rescue Plan Act, and provide direction to the City Manager.
Attachments: 1. ARPA Second Tranche, First Round Funding Requests - 062922 Budget Workshop, 2. ARPA First Tranche Funding - Budget Actuals Report Ending 06-14-22

AGENDA CAPTION:

Title

Receive a presentation on the second tranche of funds received under the American Rescue Plan Act, and provide direction to the City Manager.

Body

Meeting date:  June 29, 2022

 

Department:  Finance

 

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: Click or tap here to enter text.

City Council Strategic Initiative:  [Please select from the dropdown menu below]

Choose an item.

Choose an item.

Choose an item.

 

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)]
Choose an item.


Background Information:

The US Treasury launched the Coronavirus State and Local Fiscal Recovery Fund totaling $350B approved through the American Rescue Plan.  San Marcos received an allocation of $18,101,483.  The City received the first half of the funds in June 2021, and the second half in early June 2022.  Funds must be obligated by 12/31/24 and expended by 12/31/26.  City Council received a presentation in mid-April with recommendations on allocating a portion ($4.9 million of $9.05 million) of the second tranche of funds.  Staff is seeking direction to finalize the recommendation and formalize by Resolution on July 5th.  Staff will come back with a recommended process to determine allocation of remaining funds ($4 million) after the results of the community survey are received.

 

Council Committee, Board/Commission Action:
 Click or tap here to enter text.

Alternatives:

Click or tap here to enter text.


Recommendation: 

Click or tap here to enter text.