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County staff outline ARPA revenue-loss claim and plan to avoid returning funds to federal government
Summary
Forsyth County staff presented a status report on American Rescue Plan Act (ARPA) allocations, proposed reallocations of unobligated or at-risk funds into the allowable revenue-loss category, and a strategy intended to avoid returning unobligated ARPA dollars to the Treasury.
County staff briefed the Forsyth County Board of Commissioners on Dec. 5 about the status of American Rescue Plan Act (ARPA) State and Local Fiscal Recovery Funds and a proposed strategy to apply additional eligible revenue-loss claims so the county will not be required to return unspent ARPA dollars to the federal government.
Kyle Haney, who led the briefing, said Forsyth County received $74,256,322 under the ARPA State and Local Fiscal Recovery Funds allocation. Haney summarized prior board actions, which had already claimed $20,324,496 in revenue loss and added that an additional $6,800,823 remained allowable under the Treasury’s final rule and the county claimed that amount on Nov. 21. Haney described the county’s…
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