Loading...
HomeMy Public PortalAbout2022-31 Resolution Approving the Designation of SLFRFGo RESOLUTION NO. 2022-31 A RESOLUTION APPROVING THE DESIGNATION OF STATE AND LOCAL FISCAL RECOVERY FUNDS (SLFRF) FOR THE CITY OF RIVERDALE WHEREAS, the City of Riverdale, Iowa ("City") is a municipal corporation, organized and operating under the laws of the State of Iowa, and; WHEREAS, the City is a Non -Entitlement Unit (NEU) for the State and Local Fiscal Recovery Funds (SLFRF) program (better known as (American Rescue Plan Act), and; WHEREAS, according to the final rules, the City is a Tier 5 annual reporting NEU for the SLFRF program, with the first reporting deadline of April 30, 2022, and; WHEREAS, City staff has viewed a training webinar about the reporting options for NEUs, and; WHEREAS, the City received $32,412.65 on August 11, 2021, and anticipates receiving $32,412.64 in August of 2022, making the total $64,825.29, and; WHEREAS, the United States Federal Government is recommending NEUs that will be receiving a total less than $10 million dollars use the Standard Revenue Loss Allowance for reporting. The City does not need to calculate revenue losses to use this allowance. The Tier 5 annual reporting using this Standard Revenue Loss Allowance is Option 1, and; WHEREAS, the funds categorized as Standard Revenue Loss Allowance can be spent on any lawful government services activity and especially on any of the Four Key Eligible Use Categories as designated in the American Rescue Plan Act (ARPA) legislation, of which, the fourth one is Water, Sewer, and Broadband Infrastructure, and; WHEREAS, the Riverdale City Council has until December 31, 2024, to obligate these funds to project(s) and until December 31, 2026, to spend these funds on the project(s), and; WHEREAS, the Riverdale City Council anticipates receiving additional SLFRF as a sub -recipient of Scott County, and; WHEREAS, as of this date, the Riverdale City Council plans to use these funds to reimburse for a re -lining of sanitary sewer for phase II; however, this resolution does not stop the Riverdale City Council from modifying this planned purpose by the deadline. City of Riverdale, Iowa 110 Manor Drive, Riverdale, Iowa 52722 • (563) 355-2511 • www.riverdaleiowa.com NOW, THEREFORE, BE IT RESOLVED, by the Riverdale City Council that City staff are directed to make any required annual reporting by the deadlines, using the Standard Revenue Loss Allowance for NEUs, Tier 5, Option 1. BE IT FURTHER RESOLVED, by the Riverdale City Council that the Mayor and City Administrator are hereby authorized and directed to execute this resolution of approval. Passed and approved this 12th day of April, 2022. ROLL CALL VOTE: Kevin Adams Paul DCamp Vincent Jurgena Douglas Littrel NAY NAY NAY NAY Passed and approved this 12th day of April 2022. APPROVED: Anthony Heddlesten, Mayor ATTESTED BY: Kent Royster, ity Administrator City of Riverdale, Iowa 110 Manor Drive, Riverdale, Iowa 52722 • (563) 355-2511 • www.riverdaleiowa.com MEMORANDUM State of Iowa: Department of Management —ARPA NEU Funding Determination of Funding Report DATE: August 3, 2021 TO: State of Iowa —Department of Management FROM: RSM US LIP SUBJECT: Determination of Funding Report —City of Riverdale This transmittal letter has been prepared in accordance with the contracted Scope of Work (Section 4), Execute Program Administration Processes (Task 3), as specified in Contract #21019, CARES Act Funding and Accounting Management Services, Amendment No. 2. RSM's primary responsibilities under this task order include executing Intake and processing of applications for the American Rescue Plan Act of 2021 ("ARPA") Non Entitlement Unit ("NEU") Funding Project. RSM verified receipt of the NEU's approved agreements that affirm that the NEU will utilize any received funding on eligible expenses and will follow all formal published Federal guidance on how the funds should be spent. RSM's procedures were limited to those outlined in the work plan approved by the State of Iowa, which is based on the State's interpretation and understanding of the current U.S. Treasury federal guidance. This includes the validation of the support provided by the NEU to determine compliance with the requirements identified in the approved work plan. To comply with requirements for Task 3 described above, the following is the summary of results obtained through the testing performed: NEU Information Request for Funding Allocation and Distribution NEU City of Riverdale N EU Recipient IA0785 Number Maximum Allocation $64,825.29 Allowed to NEU Budgeted Amount $1,023,963.00 Budgeted Amount Capped at 75% $767,972.00 Total Amount of Funding to be Distributed (lesser of MaxAllocation Allowed or 75% Budget cap) $ 64,825.29 Tranche 1 Amount (First Round) $ 32,412.65 Overview The NEU has submitted its application and all required forms pursuant to the US Treasury's guidance for the ARPA NEU Funding. The validation review has been completed for the NEU. At this time, a total of $64,825,29 will be disbursed through the State of Iowa's Department of Revenue. This funding will be paid in various tranches according to U.S. Treasury federal guidelines. Tranche 1, Round 1 is for $32,412.65. The remaining funds will be disbursed at a later date in accordance with the U.S. Treasury federal guidelines, State of Iowa City of Riverdale ARPA NEU Funding Project RSM has reviewed and validated the City of Riverdale's request for funding. Based on the application submitted, the supporting documentation received, and the testing guidance provided by the State of Iowa, RSM recommends the State of Iowa transfer funds in the amou nt of $64,825.29 to the City of Riverdale with respect to this submission. This funding will be paid In various trenches according to U.S. Treasury federal guidelines, Tranche 1, Round 1, is for $32,412.65, The remaining funds will be disbursed at a later date in accordance with the US. Treasury federal gu idelines. This recommendation Is provided to the State of Iowa for final review, approval and award determination, it Is subject to change by the State of Iowa and (n no way Is RSM's recommendation deemed to be authoritative or an official approval for funding forthe City of Riverdale, gsm_, us' z_r_f Company:RSM US LLP Date: August3, 2021 State of Iowa - Department of Management Final Award Determination; The State of Iowa acknowledges receipt of this funding request p acket an d determines the final award amount to be: $ 9a, 4-/4 , (nS State of Iowa Comments .i�f " 1'I Gtlir Name: Michael Bousselo Title: Director, Departmentof Management, State of Iowa Date: August ?, 2021 Page 12