Staff: unused ARPA funds will be returned; OPWC timing affects street projects
Finance staff told council ARPA funds not encumbered by the federal deadline will be liquidated and returned to Treasury; staff also described OPWC reimbursement timing for Mayflower and Rosedale street projects and proposed creating equipment‑replacement funds.
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Staff informed the council that a small remaining ARPA balance will be returned to the U.S. Treasury because the village had not encumbered the funds by the federal deadline. The finance presenter explained that Treasury rules required funds be committed by a prior deadline and that the village had not completed necessary encumbrances.
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