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Finance staff outline ARPAwindfall, reserves and spending patterns
Summary
Finance staff presented historical revenue and expenditure activity to show how American Rescue Plan Act (ARPA) funds affected the city's general-fund balance and reserves, and answered commissioners' questions about how much ARPA money remains available.
Finance staff presented a historical review intended to show how ARPA funds changed the citygeneral-fund revenues and fund balance. The presentation traced revenues and appropriations beginning in 2021 and showed a sharp increase in general-fund revenues in 202122 when the ARPA funds were received; staff described a net increase to fund balance at that time and subsequent drawdowns in later years as the city increased expenditures.
Staff said…
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