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Beaufort council approves first reading of FY25 ARPA budget amendment; staff cites $566,621 interest not subject to Dec. 31 deadline
Summary
Council approved first reading of a budget amendment to reallocate ARPA and capital‑project funds; staff said $566,621 in interest on ARPA funds does not need to be obligated by Dec. 31, leaving about $243,000 (variably reported as $243,756) to obligate by year‑end.
Beaufort City Council on Dec. 10 approved first reading of an ordinance amending the fiscal‑year 2025 budget for ARPA and capital‑projects funds, and set a tentative second reading for Dec. 17 at 5 p.m.
City staff said they reviewed obligations with the Department of Treasury and the Municipal Association and determined that interest earned on ARPA funds need not be obligated by Dec. 31.…
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