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Finance committee approves ARPA reconciliation to cover completed capital projects
Summary
The Lee County Finance Committee approved a journal-entry cleanup moving roughly $101,000 of completed capital expenses into ARPA funds so the county can close out its federal reporting for those projects.
The Lee County Finance Committee on a unanimous voice vote approved a board action request to reclassify roughly $101,000 in completed capital expenditures to American Rescue Plan Act (ARPA) funds.
Paul, committee member, told the committee the change is a housekeeping move that would “clean us up” by moving money already spent from the county’s capital fund into the ARPA account so federal reporting shows the projects as ARPA-funded. He said the…
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