AN ORDINANCE TO CREATE A NEW FUND FOR THE PURPOSE OF ACCOUNTING AMERICAN RESCUE PLAN FUNDING
WHEREAS, on March 11, 2021 the American Rescue Plan Act of 2021 (ARP) was enacted; and
WHEREAS, the ARP provides $350 billion in emergency funding to state and local governments and the Town of Churubusco will be a recipient of that funding; and
WHEREAS, the Indiana State Board of Accounts has provided guidance to funding recipients;
WHEREAS, the Town Council of the Churubusco deems it is necessary and proper to take actions to facilitate effective and efficient accounting of federal funding in conjunction with the ARP; and,
NOW, THEREFORE, BE IT HEREBY ORDAINED by the Town Council of Churubusco, Indiana, that:
Section 1. Fund established.
There is hereby established a fund to be known as the ARP Coronavirus Local Fiscal Recovery Fund and numbered as fund 176 in accordance with State Board of Accounts guidance dated March 18, 2021.
Section 2. Sources of funding.
The source of funding includes monies allocated to the City from the American Rescue Plan Act of 2021 and distributed to the Town in 2021 and 2022.
Section 3. Uses of funding.
(A) The Town shall only appropriate and use the funds to cover costs incurred by the Town by December 31, 2024 for the following:
(1) To respond to the public health emergency with respect to the Coronavirus Disease 2019 (COVID-19) or its negative economic impacts, including assistance to households, small businesses, and nonprofits, or aid to impacted industries such as tourism, travel, and hospitality;
(2) To respond to workers performing essential work during the COVID-19 public health emergency by providing premium pay to eligible workers of the Town that are performing such essential work, or by providing grants to eligible employers that have eligible workers who perform essential work;
(3) For the provision of government services to the extent of the reduction in revenue of the Town due to the COVID-19 public health emergency relative to revenues collected in the most recent full fiscal year of the Town prior to the emergency that being 2019; or
(4) To make necessary investments in water, sewer, or broadband infrastructure.
(B) The Town Council shall adopt a plan which provides details for the use of funds.
Section 4. Amendments.
This ordinance may be amended from time to time if additional guidance is received from any federal or state agency.
Section 5. Termination of fund.
The ARP Coronavirus Local Fiscal Recovery Fund shall exist until terminated by ordinance of the Town Council. Moneys from this Fund may not be transferred to another fund of the Town.
Section 6. Effective date.
This ordinance shall take effect upon passage by the Town Council.
DULY ADOPTED by the Town Council of the Town of Churubusco, Whitley County, State of Indiana this 21st day of April 2021, at which time a quorum was present.
ATTEST: ___________________________
Nathan Van Horn, President _______________________________
Madalyn Sade-Bartl, Clerk-Treasurer ___________________________
Mark Pepple, Vice-President
___________________________
Devin Keener, Council Member
