(A) Establishment of ARP Fund. The ARP Coronavirus Local Recovery Grant Fund (the “ARP Fund”) is hereby established.
(B) Source and use of funds. The ARP Fund shall be a separate and distinct fund from all other city funds. The sources of funding for the ARP Fund will include funds allocated to the city from the American Rescue Plan Act of 2021 (the “ARPA”) and such funds shall be used only for eligible purposes pursuant to the ARPA.
(C) Additional appropriation. Funds deposited into the ARPA will require an additional appropriation of the Council and the city’s Clerk-Treasurer will review all requested uses of the funds in order to ensure compliance with ARPA requirements. The Clerk-Treasurer shall maintain detailed accounting records of the ARP Fund to provide for future audits of the ARP fund.
(D) Non-reverting fund. Funds remaining in the ARP Fund at the end of the calendar year shall not revert to another fund but shall remain in the ARP fund a separate, non-reverting fund.
(E) Intent and amendment. This section is intended to implement the guidance set forth in ISBOA State Directive 2021-1 and is subject to amendment from time to time to comply with any additional directive or guidance, statutory amendment, updated rules, or the binding order of any court of competent jurisdiction.
(Ord. 2021-05, passed 4-21-2021)