Loading...
CC - Item 5A - Recieve an Overview of American Rescue Plan Act (ARPA) Funding and Provide Direction on Use of the FundsROSEMEAD CITY COUNCIL STAFF REPORT TO: THE HONORABLE MAYOR AND CITY COUNCIL FROM: GLORIA MOLLEDA, CITY MANAGER. DATE: JANUARY 25, 2022 SUBJECT: RECEIVE AN OVERVIEW OF AMERICAN RESCUE PLAN ACT (ARPA) FUNDING AND PROVIDE DIRECTION ON USE OF THE FUNDS SUMMARY On January 6, 2022, the U.S. Department of the Treasury issued the Final Rule on the use of Coronavirus State and Local Fiscal Recovery Funds, which were established under the American Rescue Plan Act. This presentation will provide an overview of allowable uses of the ARPA funds and committed uses of the funds this far. Upon completion of the presentation, staff requests City Council direction on use of the remaining funds. BACKGROUND On March 11, 2021, the $1.9 trillion American Rescue Plant Act (ARPA) was signed into law and established the Coronavirus State Fiscal Recovery Fund and Coronavirus Local Fiscal Recovery Fund, which together make up the Coronavirus State and Local Recovery Funds (SLFRF) program. The SLFRF program provides $350,000 billion in emergency funding and is intended to provide support to State, territorial, local, and Tribal governments in responding to the economic and public health impact of COVID-19 and their efforts to alleviate impacts on their communities, residents, and businesses. Under the ARPA's SLFRF program, the City of Rosemead was allocated $17,878,653 in one-time funding. These funds are to be disbursed in two tranches: 50% after certification and the remaining 50% one year after the first disbursement. The City completed the certification process through the U.S. Treasury Portal and received the first tranche in the amount of $8,939,327 in May 2021. The second tranche is expected to be received in May 2022. The funds may be used to cover eligible costs incurred between March 3, 2021, and December 31; 2024, and must be fully expended by December 31, 2026. As reflected in the Interim Rule issued on May 17, 2021, the SLFRF program provides four categories of eligible uses of SLFRF funds including (1) to replace lost revenue; (2) to respond to AGENDA ITEM 5.A City Council Meeting — American Rescue Plan Act Funds January 25, 2022 Page 2 of 3 the public health and economic impacts of COVID-19; (3) to provide premium pay to eligible workers, and (4) to invest in water, sewer, and broadband infrastructure. The Final Rules, published January 6, 2022, provided several key changes from the Interim Final Rule. The Final Rule broadens the eligible uses and provides recipients with additional clarity and flexibility for the use of the recovery funds. The following are key changes to the Rule: • It offers a standard allowance for revenue loss of $10 million, allowing recipients to select between a standard amount of revenue loss or complete a full revenue loss calculation. Recipients that select the standard allowance may use that amount for government services, with streamlined reporting requirements. • It allows for a broader set of uses to restore and support government employment, including hiring above a recipient's pre -pandemic baseline, providing funds to employees that experiences pay cuts or furloughs, avoiding layoffs, and providing retention incentives. It also expands the types of households and communities presumed to be "impacted" and "disproportionately impacted" by the pandemic and provides a broader set of uses available for these communities. • It provides more streamlined options to provide premium pay by broadening the share of eligible workers who can receive premium pay without a written justification while maintaining a focus on lower-income and frontline workers performing essential work. • The Final Rule significantly broadens eligible broadband infrastructure investments to address challenges with broadband access, affordability, and reliability, and adds additional eligible water and sewer infrastructure investments, including a broader range of led remediation and stormwater management projects. DISCUSSION A key component of the ARPA's SLFRF program is the ability for recipients to use ARPA funds to replace Lost Revenue. During the 2021-22 Budget Study Session, it was discussed and subsequently approved that $1.5 million of the ARPA funding would be used to replace lost revenue within the General Fund due to the pandemic and balance the FY 2021-22 budget. A subsequent analysis of Lost Revenue based on the League of California Cities calculation program indicated that the City's lost revenue is much greater than the $1.5 million. Under the Final Rule, the City is allowed to claim the standard allowance of $10 million for loss of revenue to be used for any government services purpose. In addition to the $1.5 million allocated to balance the FY 2021-22 budget, the City has expended over $175,000 in unreimbursed pandemic -related expenses and $265,000 in COVID premium pay and sick/administrative leave paid hours for COVID illness/exposure/closings. City Council Meeting — American Rescue Plan Act Funds January 25, 2022 Pace 3 of 3 In light of the newly defined regulations and expenses incurred to date, staff recommends accepting the standard allowance of $10 million to cover lost revenue and government services and committing a minimum of $1 million for COVID related expenses, including reimbursement of premium pay for employees and current unreimbursed expenditures. STAFF RECOMMENDATION It is recommended City Council review the presentation and provide direction on the use of available ARPA funds. FISCAL IMPACT None with this action. PUBLIC NOTICE PROCESS This item has been noticed through the regular agenda notification process. Prepared by: Paula Chamberlain, Interim Finance Director