Agenda Date: 08/03/2021
Subject:
Title
Ordinance 14-2021: An ordinance on second reading amending Ordinance No. 36 series of 2020 known as the "annual appropriation bill" for all municipal purposes of the City of Littleton, counties of Arapahoe, Jefferson and Douglas, State of Colorado, for the fiscal year beginning January 1, 2021 and ending December 31, 2021
Body
Prepared by:
Tiffany Hooten, Finance Director
PURPOSE:
Does city council support amending the 2021 annual appropriation for the American Rescue Plan Act funds received by the city in June 2021?
PRESENTATIONS:
Staff Presenter(s): Tiffany Hooten, Finance Director
Additional Presenter(s): N/A
SUMMARY:
The city has received $6,040,563 of American Rescue Plan Act (ARPA) funds. It is necessary to appropriate the funds to align with efforts to spend the funds. Staff provided an update at a previous study session indicating several immediate needs that align with allowed uses of ARPA funds. This action will amend the 2021 budget for the first allocation of funds.
This amendment has been reduced from the original amount of $6,040,563 noted on first reading July 20, 2021 due to the lack of certainty on allowable use of funds.
PRIOR ACTIONS OR DISCUSSIONS:
Staff provided information related to ARPA at the July 6, 2021 study session.
This ordinance passed on first reading on July 20, 2021; however, staff has reduced this amount to $1,500,000 on second reading.
ANALYSIS:
Staff Analysis
The city was notified in March 2021 that it would be receiving an allocation of funding under ARPA. Staff briefed council on these funds on April 13, 2021. Additional information was provided by the U.S. Treasury in May 2021; however, guidance and information will continue to be provided over the next 3 1/2 years.
Originally, it was indicated that the city will receive approx. $10.3 million in ARPA funds. Recent information indicates the city will be receiving $12,081,126. The city received $6,040,563 in June 2021. Add...
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