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PROPOSED TRANSFER OF FUNDS
Department: Department of Budget and Management Services
Request: To approve transfer ARPA fund allocation between policy pillars
Reason: In order to increase the allocation to the Down Payment Assistant initiative and spend down the ARPA funding
From Account(s): NT011 Electric Vehicle Charging Stations- $700,000.00 (Connected Communities); NT795 Broadband Expansion at HACC Properties - $131,325.09 (Connected Communities); NT019 Brownfield Remediation - $450,000.00 (Sustainable Communities); NT033 Lead Poisoning Prevention- $44,417.67 (Healthy Communities); TR011 Behavioral Health Services - 564,602.50 (Healthy Communities); NT078 County Municipalities Preparedness Planning- $109,285.74 (Safe and Thriving Communities), NT095 Permanent Supportive Housing for People Experiencing Homelessness- $369.00 (Vital Communities)
To Account(s): NT093B Down Payment Assistant - $2,000,000.00 (Vital Communities)
Total Amount of Transfer: $2,000,000.00
On what date did it become apparent that the receiving account would require an infusion of funds in order to meet current obligations? What was the balance in the account on that date, and what was the balance 30 days prior to that date?
N/A
How was the account used for the source of transferred funds identified? List any other accounts that were also considered (but not used) as the source of the transferred funds.
The Bureau of Finance has been closely monitoring ARPA expenditure to ensure all ARPA funds are fully utilized by the end of the calendar year. Based on this tracking and spending acceleration strategies, seven initiatives listed above were identified and conferred with project leads.
Identify any projects, purchases, programs, contracts, or other obligations that will be deferred, delayed, or canceled as a result of the reduction in available spending authority that will result in the account that funds are transferred from.
The Bureau of Finance met with the project leads for the seven programs identified above and confirmed that reallocating funds would not materially affect the services provided to the populations served by these programs.
If the answer to the above question is “none” then please explain why this account was originally budgeted in a manner that caused an unobligated surplus to develop at this point in the fiscal year.
Identified ARPA initiatives are projected to end the program year with a surplus. The Office of the Chief Financial Officer and the Department of Budget and Management Services have determined that time-limited ARPA funding should be reallocated to an initiative with significant need and the demonstrated capacity to fully expend the funds before the federal deadline.
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