| 6/1/2021 |
Clark County Board of Commissioners
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Agenda note: DISCUSSION: Clark County Chief Financial Officer Jessica Colvin provided an overview of the recently passed American Rescue Plan (ARP), advised that the Coronavirus State and Local Fiscal Recovery Funds (Fiscal Recovery Funds) consisted of $1.9 trillion; $350 billion was allotted to state and local government funds; the total designated to states was $195 billion, with $500 million to be distributed equally to each state; the remaining amount was to be distributed based on the number of unemployed individuals in each state; $65 billion was allocated to counties based on population, and counties that qualified as Community Development Block Grant (CDBG) recipients would receive larger shares based on that formula; Clark County was allocated $440 million, of which $220 million had been received, with remaining funds to be received within a year; funding to the State and southern Nevada included $2,738.8 million to the State of Nevada, $440.3 million to Clark County, $130.6 million to the City of Las Vegas, $46.3 million to North Las Vegas, and $37.4 million to the City of Henderson; shared details on the Interim Final Rule (IFR) and the general principle behind the American Rescue Plan Act; stated that there were four main categories of eligible expenditures which included COVID-19 or a negative economic impact, premium pay for eligible workers, government services to the extent of the loss of revenue, and investments in water, sewer and broadband infrastructure; the covered period for eligible expenditures was March 3, 2021 through December 31, 2024; costs could be incurred up to December 31, 2024, and funds needed to be expended by December 31, 2026; funds could not be spent on pension deposits, nor could states spend funds to reduce taxes or delay tax increases; eligible COVID-19 uses included containing and or mitigating COVID-19, behavioral healthcare needs, payroll benefits for public health or safety, human services or similar employees primarily dedicated to COVID-19 response, impacted industries, rebuilding public sector capacity to pre-pandemic levels, small business and non-profit support, hard-hit or disproportionately impacted communities, and assistance to households; general eligibility guidelines related to premium pay for eligible workers and essential work were shared; details and challenges pertaining to the process for revenue replacement; and clarifications on qualified government services, and water, sewer, and broadband infrastructure were provided; reporting requirements and timelines were shared which included disclosures on projects and expenditures, project expenditures reported by categories, recovery plan performance and project outcome reporting, or a roadmap of how funds were intended to be used, measure outcomes for community, and that additional guidance would be forthcoming.
In response to questions by the Board, the CFO stated that no limitations had been identified on ARP funds but further clarification would be required; small business grant funds that were not disbursed could fall under retroactive recovery expenditures; nonprofit organizations could be considered recipients of funds based on losses due to the pandemic which could include job training; and that prioritization of fund appropriation would be based on many factors which would include higher infection rates, high unemployed areas, or neighborhoods already defined as disproportionately impacted. | |
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