Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Federal Funding Obligations topic
No spam. Unsubscribe anytime.
Clifton treasurer warns $138,354 in federal funds must be obligated by Dec. 31, 2024
Summary
Town Treasurer Lisa Wax told the council that of roughly $303,992 received in CARES/ARPA funds, $165,637.50 has been spent and $138,354.50 remains un-obligated and must be committed by Dec. 31, 2024 or returned; she urged review of FY2025 capital projects and legal counsel consultation.
At the May 7 meeting, Town Treasurer Lisa Wax told the Clifton Town Council that the town has $138,354.50 of CARES/ARPA funds that remain un-obligated and must be obligated by Dec. 31, 2024 or returned to the U.S. Treasury.
Wax summarized that the town received a total obligation of $303,992.00 and has expended $165,637.50 to date, including purchases tied to Ayre Square and the Harrison Park extension. She recommended that council and staff identify eligible FY2025 capital projects where the remaining funds could be applied and consult the town attorney to ensure proposed uses comply with federal rules.
Councilmembers suggested possible candidates such as updating the Town Park, painting the caboose, and other visible town improvements; Councilmember Effros said the council should identify improvements that align with allowable uses and noted streetscape costs are not necessarily eligible. The treasurer also noted the town's FY2024 budget is running a surplus and recommended reviewing how the unspent federal funds might be matched to capital projects in the FY2025 budget.
The council agreed to review the proposed FY2025 capital budget ahead of the June 4 meeting and to consult legal counsel about allowable uses before allocating the remaining federal funds.
