(A) Establishment of the Fund. The Council hereby establishes the ARP Coronavirus Local Fiscal Recovery Fund, Fund Number 1760 (the "ARP Fund"), to be designated as a local fund.
(B) Purpose. The ARP Fund shall serve as a local fund which supports expenditures in accordance with Section 603 of the Social Security Act and guidance issued by federal and state agencies.
(C) Initial expenditure. The Council hereby appropriates the ARP funds to be used for any lawful purpose in accordance with Section 603 of the Social Security Act and guidance from all federal and state agencies regarding the expenditures.
(D) Administration of the Fund. The Controller shall keep records and monitor activities of the ARP Fund. Disbursements made from the ARP Fund will be made in accordance with the city's claims approval process.
(Ord. 041921, passed 4-19-21)