For Special City Council Workshop Meeting [October 26, 2021]
TO: Honorable City Council
APPROVAL: Marcus Fuller, City Manager
FROM: Stephen Erlandson, Director of Finance
Title
Request City Council to Adopt Resolution No. 7790 Amending the 2021-2022 Fiscal Year Budget to Establish the American Rescue Plan Act Fund (Fund 232) and to Appropriate $29,373,105 in Coronavirus State and Local Fiscal Recovery (SLFR) Funds into Various Programs and Projects as Determined by the City Council.
(ACTION)
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BACKGROUND:
On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA), which appropriates nearly $1.9 trillion nationwide for COVID-19 pandemic relief funding including $350 billion for every eligible state, city, town, territorial and Tribal governments in the country. ARPA establishes the Coronavirus State and Local Fiscal Recovery (SLFR) Fund to provide an infusion of resources to help State, local and Tribal governments address their economic struggles in responding to the impact of COVID-19 and to assist with recovery on their communities, residents and businesses.
The City of Rialto (City) was awarded $29,373,105 in SLFR funds through the ARPA. The U.S. Department of Treasury used the standard Community Development Block Grant (CDBG) formula for determining the allocation of funds to metropolitan cities. The distribution of ARPA funds will be separated into two allocations. On June 18, 2021, the City received the first distribution of funding, in the amount of $14,868,552.50. The balance is expected to be allocated on or before June 30, 2021.
ANALYSIS/DISCUSSION:
On October 6, 2021, the City Council held a special workshop to discuss allocating the City's SLFR Funds into various programs and projects. At that time, the City Council provided direction to staff as follows:
* 10% of funding (rounded to $3,000,000) to be allocated for social services and financial assistance to residents and businesses impacted by the COVID...
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