Page 220 - Watauga FY22-23 Budget

SPECIAL REVENUE FUNDS

CARES AND AMERICAN RESCUE PLAN (CLFRF) GRANT BUDGET SUMMARY
FUND 10

The CARES Grant Interlocal Agreement with Tarrant County was approved in FY2019-2020 for Coronavirus Relief. The eligible
expenses include COVID response payroll and benefit costs, public healthy and safety, telework enhancement, and
other expenses related to COVID-19 response. The City received $1,307,350 in FY2019-2020 and closed out the fund 12/31/2020 as required.
In July, 2022, the City Council adopted a Spending Plan Framework for the American Rescue Plan Funding. The City's allocation is $6,066,048 and
received the first half allocation in August, 2021 and the second half is expected in August, 2022.

This is a special revenue fund and revenues must be spent based on grant restrictions.

HISTORY PROJECTED YEAR BUDGET
2020-2021 2021-2022 2021-2022 2022-2023
Actual Budget Estimate Budget

Fund Balance, October 1 $0 $0 $0 $0
Revenues:
Grant Proceeds 460,653 1,356,243 590,768 4,108,200
Interest Earnings 0 0 0 0

Operating Revenues $ 460,653 $ 1,356,243 $ 590,768 $ 4,108,200

Total Available Resources $ 460,653 $ 1,356,243 $ 590,768 $ 4,108,200

Expenditures:
CARES COVID-19 Personnel, Supplies, Contractual & Capital 460,653 0 0
ARPA 6.1
Infrastructure 800,000 150,000 2,766,000
Personnel Programs 399,850 399,850 880,000
Equipment 115,475 0 426,000
Supplies 2,768 2,768 0
Contractual 38,150 38,150 36,200

TOTAL OPERATING & TRANSFERS $ 460,653 $ 1,356,243 $ 590,768 $ 4,108,200
Fund Balance, September 30 $0 $0 $0 $0

CHANGE IN FUND BALANCE $0 $0 $0 $0

CARES Grant Fund total = $1,307,350
Population 23,770 x $55 per capita
ARPA Grant
$6,066,048 plus additional $5,994 allocation to be spent by December, 31, 2026 or returned to the Treasury

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