HomeMy WebLinkAboutRES CC 2022 4074 2022 0216 RESOLUTION NO. 2022-4074
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FISCAL
YEAR 2021/22 BUDGET TO RECEIVE $8,701,674 IN
AMERICAN RESCUE PLAN ACT (ARPA) FUNDS
WHEREAS, in March 2021, the United States federal government passed the
American Rescue Plan Act of 2021 (ARPA), which established the Coronavirus State
and Local Fiscal Recovery Funds to provide state, local, and Tribal governments with
the resources needed to respond to the pandemic and its economic effects to build a
stronger, more equitable economy during the recovery; and
WHEREAS, on January 6, 2022, the U.S. Department of the Treasury published
a "Final Rule" implementing the Coronavirus Local Fiscal Recovery Fund established
under ARPA; and
WHEREAS, the Final Rule allows ARPA fund recipients to accept up to
$10,000,000 in ARPA funds as Revenue Replacement, utilizing the Standard Allowance
procedure in lieu of calculating revenue loss, as specified in the Final Rule; and
WHEREAS, the City of Moorpark is allocated $8,701,674 in funding from the
Coronavirus Local Fiscal Recovery Fund and is therefore eligible to receive its entire
ARPA allocation statutorily as Revenue Replacement; and
WHEREAS, the City Treasurer has created the American Rescue Plan Act
(ARPA-CLFR) Fund (2800) to account for the City's use of ARPA funds; and
WHEREAS, on June 16, 2021, the City Council adopted the Operating and
Capital Improvement Budget for Fiscal Year (FY) 2021/22 without accounting for receipt
of ARPA funds; and
WHEREAS, Exhibit "A" hereof describes a budget amendment and its resultant
impact to the budget line items needed to deposit $8,701,674 of ARPA funds into the
American Rescue Plan Act (ARPA-CLFR) Fund (2800).
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The City Council elects to receive its ARPA allocation as Revenue
Replacement, utilizing the Standard Allowance procedures described in the Final Rule.
SECTION 2. The budget amendment to receive $8,701,674 in American Rescue
Plan Act (ARPA) funds, as more particularly described in Exhibit A, attached hereto, is
hereby approved.
Resolution No. 2022-4074
Page 2
SECTION 3. The City Clerk shall certify to the adoption of this resolution and
shall cause a certified resolution to be filed in the book of original resolutions.
PASSED AND ADOPTED this 16th day of February 2022.
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'Janice S. Parvin, Mayor
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Attachment: Exhibit A— Budget Amendment -0 jot,'t
Resolution No. 2022-4074
Page 3
EXHIBIT A
BUDGET AMENDMENT FOR
AMERICAN RESCUE PLAN ACT(ARPA-CLFR) FUND
RECEIPT OF AMERICAN RESCUE PLAN ACT FUNDS
FY 2021122
REVENUE BUDGET ALLOCATION:
Fund Title Fund-Account Number Amount
AMERICAN RESCUE PLAN ACT(ARPA-CLFR) 2800-000-G0027-46530 $ 8,701,674.00
Total $ 8,701,674.00
EXPENDITURES BUDGET ALLOCATION:
Account Number Current Budget Revision Amended Budget
$
$
Tota I $ - $ - $
Resolution No. 2022-4074
Page 4
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Ky Spangler, City Clerk of the City of Moorpark, California, do hereby certify
under penalty of perjury that the foregoing Resolution No. 2022-4074 was adopted by
the City Council of the City of Moorpark at a regular meeting held on the 16th day of
February, 2022, and that the same was adopted by the following vote:
AYES: Councilmembers Castro, Enegren, Groff, Pollock, and Mayor Parvin
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 17th day of February,
2022.
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