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Finance committee debates ARPA balances, agrees to transfers to general fund and keeps ARPA program budget line
Summary
The committee reviewed ARPA cash-on-hand, agreed to reduce the ARPA spending line and to record transfers of interest to the general fund; members discussed leaving a contingency for administration and preserving some ARPA interest for future use.
LaSalle County Finance and TIF Committee members reviewed American Rescue Plan Act (ARPA) balances on Oct. 14 and agreed by committee direction to adjust spending lines and show transfers of ARPA interest into the general fund to help offset budget shortfalls.
Staff reported $1.6 million in ARPA cash on hand before bills, and after anticipated payments would leave roughly $544,001.83 available for distribution on behalf of nonprofits and other recipients. The committee's working worksheet proposed lowering a primary ARPA…
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