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ARPA funds reported fully expended; committee approves grant-related budget adjustments
Summary
Treasury staff reported ARPA funds were expended to projects by 12/31/2024 and are now focused on documentation and closeout; the committee approved several grant-related budget adjustments to match revenues and expenses (net zero impact).
Treasury staff informed the Finance Committee that all American Rescue Plan Act (ARPA) funds allocated to county projects were expended by the program deadline of Dec. 31, 2024. Sarah said the treasury’s immediate task is monitoring recipient documentation and closeout reports to ensure expenses were properly obligated and recorded to withstand audit.
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