AGENDA DATE: 8/18/2021
TITLE:
Title
American Rescue Plan Act (ARPA) Coronavirus State and Local Fiscal Recovery Funds (SLFRF)
BODY
SUBJECT/PROPOSAL/REQUEST: Provide an update on ARPA SLFRF
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Richardson, Walker, Birch, Allshouse, L., Bowman, Gardner
PRESENTER (S): Nelsie Birch, Kimberly Gardner
LEGAL REVIEW: Not Required
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: On March 11, 2021, The American Rescue Plan Act, a $1.9 trillion relief bill was signed into law. It provides $350 billion to state and local governments for the purposes of supporting public health response to the COVID-19 pandemic as well as providing a way for states and local governments to start the process of economic recovery.
On March 29, 2021, the Board approved the County's American Rescue Plan Act (ARPA) Coronavirus State and Local Fiscal Recovery Funds (SLFRF) initial implementation framework which described the use of the first tranche of funding as follows: ~$4 million for human services and economic vitality, ~$3 million to support the Broadband office, ~$3 million for workforce stabilization and financial foundation initiatives. At the time of the approval of the original framework for the use of ARPA SLFRF funding, staff was still awaiting guidance from the United States Treasury department.
On May 10, 2021, the U.S. Treasury released the Interim Final Guidance. The public comment period closed July 16 and final guidance has not been released yet.
On May 11, 2021, the United States Treasury provided an allocation of $21.2 million in federal ARPA SLFRF monies to the County of Albemarle to be deposited in two tranches. The first tranche of funding, $10.6 million was received on May 21, 2021. The second tranche of funding is expected to be received in May 2022.
On June 16, 2021, the Board approved an update to the County's ARPA SLFRF implementation framework which left $4 million for FY22 Economic Vitality...
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