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Council sends ARPA accounting and retirement-board update resolves to finance committee
Summary
Council voted to refer resolves seeking a full accounting of ARPA expenditures and a report from the Quincy Retirement Board on a $3.5 million theft to the Finance & Oversight Committee for further review and public deliberation.
The council unanimously approved two resolves and sent both to the Finance & Oversight Committee for additional deliberation.
The first resolve requests a full public accounting of the city’s American Rescue Plan Act (ARPA) funds, noting the city was projected to receive $46.3 million and that the administration used about $15 million to purchase the Monroe building on Hancock Street. The order asks the administration to provide a full and final accounting of ARPA expenditures.
The second resolve asks the Quincy Retirement Board to appear before council about a February 2021 loss of $3.5 million attributed to a phishing scheme, to describe what funds (if any) have been recovered or reimbursed, explain the delay in detection, and outline policies and safeguards implemented since the incident.
Councilors moved both items to the Finance & Oversight Committee for additional review and public deliberation; both motions passed by roll call.
