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Lake City Council moves $274,438.54 in ARPA funds into general fund
Summary
On Sept. 16, 2024 the Lake City Council passed Resolution No. 2024-09-16 to move $274,438.54 from the ARPA fund into the General Fund for revenue replacement; the vote was unanimous (6-0).
The Lake City Council on Sept. 16 approved Resolution No. 2024-09-16 to amend the city’s 2024 budgets and move $274,438.54 from the American Rescue Plan Act (ARPA) fund into the General Fund for revenue replacement. The motion was made by Councilmember Brenda Hutcheson and seconded by Councilmember Kate Wells and passed 6-0.
Mayor Cameron Tate discussed the city’s financial statements and liabilities earlier in the meeting, framing the budget action as part of the council’s response to those pressures. City Clerk Lisa Sitz read the resolution to the council before the vote.
The resolution amends the city’s ARPA grant budget and the 2024 municipal budgets; the text in the meeting indicates the purpose is revenue replacement. The council recorded no recorded dissents. The meeting transcript does not specify how the transferred funds will be spent beyond the stated use for revenue replacement, nor does it list an effective date for the transfer.
The council’s next meeting is scheduled for Oct. 21, 2024, when any implementation details could appear on a future agenda.
