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Council agrees to use ARP standard allowance for revenue replacement
Summary
Council gave staff general consensus to apply the U.S. Treasury’s ARP 'standard allowance' for revenue replacement, authorizing Finance Director to maintain required accounting records for use of $3.8 million in remaining funds.
At the April 19 meeting, Finance Director Vickie Thomas recommended that Newton elect the U.S. Treasury's "standard allowance" under 31 CFR Part 35.6(d)(1) to use Coronavirus State and Local Fiscal Recovery Funds for revenue replacement. Council signaled general consensus to adopt that approach and directed the Finance Director to maintain the detailed accounting records required by 2 CFR Part 200 and Treasury guidance.
Thomas reviewed that the city previously appropriated $397,174.94 of ARP funds for premium pay and that a remaining balance of $3,802,301.28 is available under the revenue replacement category. She explained that the standard allowance allows recipients to use the simplified election without demonstrating lost revenue, while reiterating the need to maintain payroll and accounting documentation to satisfy federal reporting and audit requirements.
Council’s consensus enables staff to plan use of ARP funds for government services within the allowable standard‑allowance framework, subject to Treasury rules and internal accounting controls. Thomas said staff will continue to track expenditures and comply with Uniform Guidance recordkeeping requirements.
