Meeting Type: BCC Regular Meeting
Meeting Date: 12/3/2024
Item Status: New
From: Roger H. Rendleman, County Administrator; Brian Underwood, Grants Director
Submitted by: Katrina Taylor, Grants Administrator
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ITEM TITLE
Title
Resolution #2025-052 - Allocation of Interest Earned from ARPA Funds for Baldwin County Courthouse Sally Port Project
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STAFF RECOMMENDATION
Recommendation
Take the following actions:
1) Approve the allocation of interest earned from American Rescue Plan Act (ARPA) funds in the amount of $697,359.61 for the construction costs of the Sally Port Project that exceeded the County’s $10,000,000 Revenue Replacement allocation; and
2) Adopt Resolution #2025-052 of the Baldwin County Commission allocating up to $697,359.61 of interest earned from ARPA funds for a portion of the construction costs of the Sally Port Project.
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BACKGROUND INFORMATION
Background: The Treasury has excepted ARPA fund awards from the requirements of 2 CFR 200.305(b)(8)-(9) and issued guidance providing that, as a result, ARPA funds may be deposited into interest bearing accounts and that interest earned on these funds may be retained by the County. Treasury has further advised that the County’s use of interest earned on ARPA funds is not limited to uses of ARPA funds authorized by the American Rescue Plan Act.
Previous Commission action/date: See attached.
FINANCIAL IMPACT
Total cost of recommendation: $697,359.61 in interest earned from ARPA funds
Budget line item(s) to be used: Fund 298
If this is not a budgeted expenditure, does the recommendation create a need for funding? Yes
LEGAL IMPACT
Is legal review necessary for this staff recommendation and related documents?
Yes
Reviewed/approved by: Reviewed and approved by the IAC/ACCA on November 21, 2024. Pending review/approval by County Attorney. (KDT)
Additional comments: N/A
ADVERTISING REQUIREMENTS
Is advertising required for this recommendation? N/A
If the proof of publication affidavit is not attached, list the reason: N/A
FOLLOW UP IMPLEMENTATION
For time-sensitive follow up, select deadline date for follow up: N/A
Individual(s) responsible for follow up: Administration staff to obtain Chairman’s signature on BCC Resolution. Beth Hodges, Budget Director, to make budget transfer.
Action required (list contact persons/addresses if documents are to be mailed or emailed):
cc: Roger Rendleman
Beth Hodges
Frank Lundy
Mark Acreman
Wanda Gautney
Christie Bezoari
Brian Underwood
Katrina Taylor
Additional instructions/notes: Admin - Upload Resolution to BCAP and copy internal parties via email.