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Board authorizes $505,452 ARPA transfer to replenish capital fund; fund-balance commitments approved
Summary
Goodhue County authorized a $505,452 transfer from the general fund to the capital fund to reimburse ARPA-funded projects and approved fund-balance commitments and related adjustments, including payroll timing and project closeout reallocations.
Finance staff asked the board to authorize a supplemental transfer of $505,452 from the general fund to the capital fund to replenish cash balances after ARPA-financed projects were paid from capital accounts.
Staff identified two projects funded by ARPA that triggered the request: the Government Center master plan phase 1 implementation ($287,740) and the Administration HR Room 308 upgrade ($217,712). Finance staff said ARPA revenue had been recorded in the general fund and, because some related expenditures were paid out of capital funds for tracking consistency, the transfer was necessary to reconcile fund balances.
The board moved and approved the requested transfer on roll call. The board also reviewed and approved fund-balance designations as of Dec. 31, 2024, including accounting for a payroll timing issue (the 27th payroll occurring in 2024) and removing the Bills Park and Trail balance now that the Richard Samuelson Pavilion project was complete.
Finance staff indicated the ARPA allocations approved previously by the board (noted from prior meetings in 2023 and 2024) remain the source of the appropriation; staff provided an informational update on the ARPA fund balance in the packet.
Next steps: Finance will execute the transfer and update capital and general fund balances in county accounting records.
