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HomeMy WebLinkAboutARPABOCC Budget Workshop - November 7, 2022-ARPA and Capital Funds Revised 10-3-22 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 $1,692,385Plus 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 ImprovementRevised$50,797Reduced Jefferson County PUD District #1$150,000BroadbandHadlock Workforce HousingPaid using General ARPATransfer to C&R$1,025,000 JC PUD Broadband Match$750,000BroadbandKPTZ Radio Tower$65,000Transfer to IS$207,115 Jefferson Healthcare $290,000ChildcareAquatic Center Study$100,000Total Budgeted Expenses$2,082,912 Mill Road Project$1,500,000Homeless housingEvans Vista$500,0002022 Ending Fund Balance$3,530,119 Hadlock Sewer$925,000RevisedPDA GrantMoved from General ARPA$378,000 Covid-19 Test Kits-Public Health$30,000Total committed$1,043,000Beginning Fund Balance 2023$3,530,119 Premium Pay for Employees$343,104Uncommitted 2022 Funds$649,385Plus Rxpected Revenue$2,000,000 Public Health Retreat$7,500 Business Assistance Grants through the EDC$500,000Less Committed Expenses: Total committed to date:$4,645,604Center Rd. Capital Pavement Project$300,000 AmountODT Grant Match$273,000 Uncommitted 2021 Funds($1,516,328)2023 Revenue Sharing Funds Anticipated $1,692,385Parks ImprovementRevised$73,450Reduced Brinnon Community CenterRevised$0 AmountPurposeFunds Committed to Date:$0Transfer to Solid Waste$250,000Moved from 2022 2nd Tranche Expected - July 2022$3,129,276PT Community CenterRevised$2,000,000 Uncommitted 2022 Funds$1,692,385Total Committed Expenses$2,896,450 Funds Committed to Date:$500,0002023 Ending Fund Balance$2,883,669 Hadlock Sewer$1,020,000Revised Total Uncommited Revenue Sharing Funds$2,341,770 Uncommitted Funds$92,948Total Uncommitted Capital Funds$2,883,669 Additional Funding Candidates Revenue SharingAmount ODT Grant Match$273,000 Records Storage Facility$400,000 Facilities Shop Building$350,000 GF Loan Repayment - Undie Road$520,000 Road Maintenance Trailer$150,000 Total$1,693,000 Residual$648,770