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PROPOSED TRANSFER OF FUNDS
Department: Budget and Management Services
Request: Approve transfer of $670,000.00 of ARPA funding between Connected Communities and Vital Communities Policy Pillars.
Reason: Request in transfer of funds between ARPA programs will permit strategic adjustments in community initiatives.
From Account(s): NT097 - Lead Service Pipe Replacement (Connected Communities) in the amount of $670,000.
To Account(s): NT092 - Water Affordability Program (Vital Communities) in the amount of $670,000.00
Total Amount of Transfer: $670,000.00
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?
Not applicable.
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.
This requested transfer would shift funds between various ARPA Initiatives at the request of the Department of Budget and Management Services and in coordination with the Bureau of Economic Development to address last minute adjustment meant to ensure full utilization of program funding.
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.
Not applicable.
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.
This request seeks to shift ARPA funds between Policy Pillars, which requires approval by the Board.
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