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Subject: Communication sponsored by Mayor Mason, on behalf of the Finance Director requesting permission to reallocate the City’s Direct ARPA funds between previously authorized programs to ensure compliance with the Federal grant requirements.
Recommendation of the Finance and Personnel Committee on 08-12-2024: That the Finance Director be authorized to reallocate $8,109,086 of City Direct ARPA funds from previously authorized programs to other programs that have been authorized by the Common Council and Treasury to ensure compliance with the Department of Treasury grant requirements.
Fiscal Note: $8,109,086 will be reallocated among various projects that were previously authorized by the Common Council and have been approved by the Department of Treasury as listed on the attached agenda briefing memo.
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