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Tinmouth board authorizes reallocation and obligation of ARPA funds
Summary
Select Board agreed to move prior ARPA transfers back to the general fund and to obligate ARPA balances so a resulting fund balance can be used without ARPA restrictions; members discussed amounts and timing and approved a resolution.
A committee member told the board that money previously transferred from ARPA to reserve accounts needs to be moved back into the general fund and that the board should obligate ARPA funds now to enable use of the resulting fund balance without ARPA rules at fiscal year end. The board discussed specific amounts and approved a resolution authorizing the transfers and obligations.
Explaining the motion, the Committee member said, "what we you have to authorize is the money that got transferred to the capital fund, 15,000 ... And the 20,000 to the old premier project. They have to go back into the general fund... and then this resolution is obligating whatever ARPA money we have, the 22,000 plus that 35,000," (paraphrased from discussion). Members voted in favor and recorded that moving the funds back to the general fund is necessary to avoid returning unspent funds to the federal government. The board noted that spending decisions would be finalized after the fund balance is verified at the fiscal-year end.
Action provenance: topic introduced SEG 140, motion and approval SEG 182-186.
