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Toledo says ARPA obligations complete; $37.2 million remains to spend; CIP transfer and audit timeline set
Summary
Finance staff told the committee the Toledo Recovery Plan (ARPA) obligations are complete and $37.2 million remains to be expended through the end of 2026; staff also described timing for a CIP transfer and an upcoming external audit.
Director of Finance Melanie Campbell told the Finance, Debt and Budget Oversight Committee that the Toledo Recovery Plan (the city's ARPA program) is fully obligated and that $37,200,000 remains to be expended between now and the end of 2026.
"Now reporting through April of 2025. You'll see that everything is obligated as we've met that deadline at the end of 2024. And $37,200,000 remains to be expended,…
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