TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Finance
Chip Corder
425-556-2189
DEPARTMENT STAFF:
Finance
Marissa Flynn
Senior Financial Analyst
TITLE:
title
Adoption of an Ordinance Amending Ordinance Nos. 3026, 3041, and 3042 by Making Adjustments to the City's 2021-2022 Biennial Budget to Recognize a Portion of the American Rescue Plan Act Funding and to Implement a Program to Support the Tourism, Travel and Hospitality Industries Impacted by COVID
a. Ordinance No. 3050: An Ordinance of the City Council of the City of Redmond, Washington, Amending Ordinance Nos. 3026, 3041, and 3042 by Making Adjustments to the City's 2021-2022 Biennial Budget, in Exhibit 1
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OVERVIEW STATEMENT:
recommendation
The purpose of the budget adjustment is to formally recognize $364K of the $9.92M allocated to the City as part of the American Rescue Plan Act (ARPA) which was signed into law on March 11, 2021. ARPA funds have restricted uses and responding to the coronavirus emergency associated economic impacts and the funds must be obligated by December 2024 and used by December 2026. The funds included in the adjustment will be used to support tourism, travel and hospitality industries as allowed and includes a 1.00 FTE Program Administrator position.
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? Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
? Receive Information ? Provide Direction ? Approve
REQUEST RATIONALE:
* Relevant Plans/Policies:
Fiscal Policies
* Required:
RCW 35A.33.120 Funds-Limitations on expenditures-Transfers and adjustments.
* Council Request:
N/A
* Other Key Facts:
N/A
OUTCOMES:
The budget adjustment is necessary to align City financial records with decisions made by the Council.
COMMUNITY/STAKEHOLDER OUTREACH AND INVOLVEMENT:
* Timeline (previous or planned):
N/A
* Outreach Methods and Results:
N/A
* Feedback Summary:
N/A
BUDGET IMPACT:
Total Cost:
$364,157
Approved in curr...
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