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OCFO: $103 million of ARPA funds remain encumbered; council seeks reallocation plan
Summary
Deputy CFOs told the budget committee the city has spent 87% of $826 million in ARPA allocations and around $103 million remains in active projects; council adopted closing language asking administration to identify reallocation opportunities and timelines.
Senior finance staff told the committee the city has largely expended its American Rescue Plan Act (ARPA) allocation but that a material balance remains in ongoing contracts.
“Terry Daniels, deputy CFO, said, ‘We are 87% spent of the 826,000,000. We have about a $103,000,000 left in projects that are currently underway,’” the transcript records. Chief Deputy Regina Greer and…
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