Page 138 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT

CARES AND AMERICAN RESCUE PLAN (CLFRF) GRANT
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 health, 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 $6,072,042 and received the first half allocation in August
2021 and the second half was received in August 2022. There was an additional $5,994 received
for this funding bringing the total allocations received to $6,078,036.All funds must be spent by
December 31,2026 or returned to the Department of Treasury.

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

BUDGET SUMMARY

HISTORY PROJECTED YEAR BUDGET
2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026
Actual Actual Actual Budget Projected Budget

Fund Balance, October 1 $0 $0 $0 $0 $0 $0
Revenues:
Grant Proceeds 383,725 1,815,790 983,763 2,352,049 2,216,047 542,709
Interest Earnings 0 0 0 0 0 0

Operating Revenues $ 383,725 $ 1,815,790 $ 983,763 $ 2,352,049 $ 2,216,047 $ 542,709

Total Available Resources $ 383,725 $ 1,815,790 $ 983,763 $ 2,352,049 $ 2,216,047 $ 542,709

Expenditures:
CARES COVID-19 Personnel, Supplies, Contractual & Capital
ARPA 6.1
Infrastructure 0 97,202 2,311,049 1,775,926 541,009
Personnel Programs 383,725 1,642,179 183,398 30,000 30,000 1,700
Equipment 125,778 0 285,121 0
Supplies 2,450 0 0 0
Contractual 45,382 703,163 11,000 125,000 0

TOTAL OPERATING & TRANSFERS $ 383,725 $ 1,815,789 $ 983,763 $ 2,352,049 $ 2,216,047 $ 542,709
Fund Balance, September 30 $0 $1 $0 $0 $0 $0

CHANGE IN FUND BALANCE $0 $1 $0 $0 $0 $0

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