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Auditor: ARPA funds of roughly $125,000 reclassified to water projects
Summary
The auditor said $125,000 in ARPA funds that had been sitting in the general account were reported as water-project expenditures and moved into the water fund during audit adjustments; members asked how that related to larger transfers that occurred in prior years.
The finance committee reviewed specific transfers affecting the water fund and the general fund. The auditor said a $125,000 transfer reported on the financial statements represented ARPA dollars that had been sitting in the general account and were designated for water-reserve projects; because the report to the state listed those ARPA dollars as water-project spending, the audit moved them into the water fund.
Committee members asked how that $125,000 reconciled with larger transfers or reimbursements discussed elsewhere. The auditor explained the $125,000 was distinct from the IEPA reimbursement and represented state-allocated ARPA distributions that had been reported against the Shabbona Road water project; once moved, the accounting entries matched the project's capital reporting and the ARPA filing requirements.
Provenance: topicintro SEG 771 ("We'll just transfer our 1st 225,000 of other funds that are spent fiscal year 25." ) — topfinish SEG 816 (ARPA funds explanation and relation to filing).
