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HomeMy WebLinkAboutCC 04-18-22-02/Approves Transfer of Funds Within the ARP Coronavirus Local Fiscal Recover Fund (#176)SPONSOR: Councilor Nelson This Resolution was prepared by Jon Oberlander, Corporation Counsel, on March 31, 2022 at 8:51 a.m. No subsequent revision to this Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. RESOLUTION CC 04-18-22-02 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA, APPROVING A TRANSFER OF FUNDS WITHIN THE ARP CORONAVIRUS LOCAL FISCAL RECOVERY FUND (#176) Synopsis: Transfers funds to be used for governmental services within the ARP Coronavirus Local Fiscal Recovery Fund (#176). WHEREAS, the Carmel Common Council (the “Council”) appropriated Three Million Seven Hundred Sixty Eight Thousand Five Hundred Seventy Three Dollars ($3,768,573.00) of the City’s ARP grant funds in 2022 for governmental services; and WHEREAS, to streamline the federal reporting process for the City’s expenditure of ARP funds on governmental services, the Controller created a budget line item within Fund #176 entitled “Gov’t Serv. Infrastructure”; and WHEREAS, the Gov’t Serv. Infrastructure budget line item was created after the 2022 City budget had been approved by the Council; and WHEREAS, in order to expend the ARP grant funds that were appropriated in the 2022 City budget, the ARP grant funds must be transferred to the correct budget line item within the ARP Coronavirus Local Fiscal Recovery Fund (#176). NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Carmel, Indiana, that the Controller is authorized to transfer funds within the ARP Coronavirus Local Fiscal Recovery Fund (#176) as follows: ARP Coronavirus Local Fiscal Recovery Fund (#176): Line Item 4350200 – Street Repaving $3,768,573.00 To ARP Coronavirus Local Fiscal Recovery Fund (#176): Line Item 4462806 - Gov’t Serv. Infrastructure $3,768,573.00 CC 04-18-22-02 Page One of Two Pages DocuSign Envelope ID: 342085EF-45C0-4F7A-8D0E-38F7973F2695 SPONSOR: Councilor Nelson This Resolution was prepared by Jon Oberlander, Corporation Counsel, on March 31, 2022 at 8:51 a.m. No subsequent revision to this Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. SO RESOLVED, by the Common Council of the City of Carmel, Indiana, this ____ day of ________, 2022, by a vote of _____ ayes and _____ nays. COMMON COUNCIL FOR THE CITY OF CARMEL ___________________________________ Kevin D. Rider, President Jeff Worrell, Vice-President ___________________________________ ____________________________________ Sue Finkam Laura Campbell ___________________________________ ____________________________________ H. Bruce Kimball Anthony Green ___________________________________ ___________________________________ Adam Aasen Tim Hannon ___________________________________ Miles Nelson ATTEST: __________________________________ Sue Wolfgang, Clerk Presented by me to the Mayor of the City of Carmel, Indiana this ____ day of _________________________ 2022, at _______ __.M. ____________________________________ Sue Wolfgang, Clerk Approved by me, Mayor of the City of Carmel, Indiana, this _____ day of ________________________ 2022, at _______ __.M. ____________________________________ James Brainard, Mayor ATTEST: ___________________________________ Sue Wolfgang, Clerk Resolution CC 04-18-22-02 Page Two of Two Pages DocuSign Envelope ID: 342085EF-45C0-4F7A-8D0E-38F7973F2695 Not Present 0 PApril 18th 19th April 5:00 4:15 April 19th 8 P