Loading...
HomeMy WebLinkAboutMemo - Mail Packet - 11/28/2023 - Memorandum From Dean Klingner, Blaine Dunn, And Jo Cech Re: November 14, 2023 Work Session Summary: Recovery UpdateFinancial Services Department 215 N. Mason Street PO Box 580, Fort Collins, CO 80522 970-221-6788 FinanceDepartment@fcgov.com MEMORANDUM Date: November 20, 2023 To: Mayor and City Councilmembers Through: Kelly DiMartino, City Manager Travis Storin, CFO From: Dean Klingner, Community Services Director Blaine Dunn, Accounting Director Jo Cech, Fiscal Recovery Manager Subject: November 14, 2023 Work Session Summary: Recovery Update The purpose of this memo is to document the summary of discussions during the Nov. 14, 2023 Work Session. All Council members except Shirley Peel and Susan Gutowsky were present in person. 1. Recovery funds and spending to date • The Recovery Team reviewed the total amount of recovery-related funding the City has received to date ($99.3M) and the spend to date of ARPA State and Local Fiscal Recovery Funds ($10.4M through October 31, 2023, or 37% of the total $28.1M received). • Spending of certain ARPA program funds is expected to continue into 2025, with some reporting and compliance work continuing into 2026, including completing the final federal single audit that will cover 2025 ARPA spending. The Fiscal Recovery Manager will be working with all program managers to determine what programs will be spending into 2025. • Treasury issued an obligation interim final rule November 9, 2023 , confirming the definition of obligation, i.e., a purchase order, contract or other legal commitment to spend funds, that must be in place for any spending after 12/31/24. Treasury will also allow for ARPA-funded spending in 2025 and 2026 for compliance and reporting work if it is estimated and submitted to Treasury by 4/30/24. The Recovery Team will submit an estimate to Treasury. DocuSign Envelope ID: B8ABB60F-6B1C-4110-969D-F65053255487 2. Highlights of selected ARPA-funded programs • Five programs were highlighted for their positive impacts on the community. • Municipal Court Restorative Traffic Circle for teens, and Competency Evaluations, Neighborhood Service’s Eviction Legal Fund program, Social Sustainability’s Childcare System Support program, and Neighborhood Service’s Mobile Home Park Code Compliance and Evaluation program were highlighted. 3. Art-related ARPA-funded programs were explained and their impacts on the community were discussed  Two new ARPA-funded programs: Art to Live and Community Programs.  An existing program that was expanded with ARPA funds: the Cultural Services Access program .  Two ongoing programs that are not funded with ARPA dollars, but also provide creative services to the community: Art in Public Places and Fort Fund. Follow-up items: None DocuSign Envelope ID: B8ABB60F-6B1C-4110-969D-F65053255487