HomeMy WebLinkAboutARPA & Cap Funds WorkshopBOCC Budget Workshop - November 1, 2021-ARPA and Capital Funds
ARPA Funds
Can be used for:
1.Public Health and Economic Impacts
2.Premium Pay
3.Revenue Loss
Capital Funds
4.Infrastructure - water, sewer, broadbandCan be used for any governmental purpose except lobbying.
General ARPAAmountPurposeRevenue Sharing ARPAAmountBeginning Fund Balance 2022$3,613,031
1st Tranche Received - July 2021$3,129,2762022 Revenue Sharing Funds Anticipated $2,295,000Plus Expected Revenue$2,000,000
Between 1 Oct 2021 - 30 Sep 2022Less Budgeted Expenses:
Funds Committed to Date:JUMP Playground$550,000
Port of Port Townsend$150,000Hydraulic LiftFunds Committed to Date:Parks Improvement$250,000
Jefferson County PUD District #1$150,000BroadbandHadlock Workforce Housing$500,000Transfer to C&R$1,025,000
JC PUD Broadband Match$750,000BroadbandTransfer to IS$207,115
Jefferson Healthcare $290,000ChildcareTransfer to Solid Waste$250,000
Mill Road Project$1,500,000Homeless housingUncommitted 2022 Funds$1,795,000Total Budgeted Expenses$2,282,115
Hadlock Sewer$1,150,000Cash flow2022 Ending Fund Balance$3,330,916
Covid-19 Test Kits-Public Health$30,000
Premium Pay for Employees$343,104AmountBeginning Fund Balance 2023$3,330,916
Business Assistance Grants through the EDC$500,0002023 Revenue Sharing Funds Anticipated $2,295,000
PDA Grant$378,000Loan GuaranteeBetween 1 Oct 2022 - 30 Sep 2023Plus Expected Revenue$2,000,000
Public Health Retreat$4,700Less Committed Expenses:
Total committed to date:$5,245,804Funds Committed to Date:$0Parks Improvement$125,000
Brinnon Community Center$1,350,000
Uncommitted 2021 Funds($2,116,528)Uncommitted 2022 Funds$2,295,000PT Community Center$1,125,000
Total Committed Expenses$2,600,000
AmountPurpose2023 Ending Fund Balance$2,730,916
2nd Tranche Expected - July 2022$3,129,276Total Uncommited Revenue Sharing Funds$4,090,000
Funds Committed to Date:Additional Funding CandidatesTotal Uncommitted Capital Funds$2,730,916
Hadlock Sewer$750,000Revenue SharingAmount
Jeffcom Expansion$1,000,000
Uncommitted Funds$262,748GF Loan Repayment - Undie Road$520,000
Road Maintenance Trailer$150,000
Evan's Vista Workforce Housing$500,000
Total$2,170,000
Residual$1,920,000