The Institute of Government provided a series of free webinars to help government
leaders plan and think strategically about how to invest in their communities with
American Rescue Plan Act (ARPA) funds. These webinars, part of our Funding the Future
series, covered the funding governments are receiving through ARPA, how it compares
to the recent CARES funding, ARPA allocations and distribution, audit requirements
and reporting, internal control, and strategic planning.
Resources for the webinars can be found below.
Managing ARPA Funds Webinar Documents
In Managing ARPA Funds, CVIOG faculty, the Governor’s Office of Planning and Budget,
the State Accounting Office, the Georgia Department of Audits and Accounts, Georgia
Department of Community Affairs, as well as city and county financial officers discussed
both mandatory requirements and best practices in managing these funds.
Topics: Overview of funding, Funds Distribution to Non-Entitlement Units of Local Government,
Audit Requirements, Internal Control, Chart of Accounts Guidance, and Local Government
Perspective with Georgia Government Finance Officers Association.
Planning Strategically for ARPA Funds Webinar Documents
The American Rescue Plan Act has allocated significant financial resources to federal
agencies, state governments, and local governments of all sizes. Should local governments
use these resources to build capital infrastructure or address economic challenges
impacting the community? How will any of these investments be sustainable in the long
run? In Planning Strategically for ARPA Funds, Institute of Government faculty, the
President of the Georgia Association of Regional Commissions, and an officer of the
Georgia City County Management Association will discuss how to strategically use these
funds while engaging with the public and utilizing regional partnerships.
Topics: Background/Overview of complete funding involved in ARPA, How to Assess the
Strategic Use of ARPA Funds, How to Engage with the Public on Using the Funds, and
Leveraging Regional Partnerships.
What is the American Rescue Plan Act?
On March 11, President Biden signed into law the American Rescue Plan Act of 2021.
The $1.9 trillion economic relief package allows for aid to American states, counties
and cities in response to the COVID-19 pandemic and its impacts “on the economy, public
health, State and local governments, individuals, and businesses.”
The law allocated nearly $5 billion to Georgia state government and $3.5 billion to
local governments in the state. More than $2 billion in relief was allocated to Georgia
counties with more than $1.4 billion allocated to Georgia cities.
- Coronavirus State and Local Fiscal Recovery Funds – Final Rule – This rule implements the Coronavirus State Fiscal Recovery Fund and the Coronavirus
Local Fiscal Recovery Fund established under the American Rescue Plan Act.
DATES: Effective date: The provisions in this final rule are effective April 1, 2022.
- Interim Final Rule – Provides interim guidance for the Coronavirus State and Local Fiscal Recovery Funds
established under the American Rescue Plan Act.
- Coronavirus Local Fiscal Recovery Fund: Guidance on Distribution of Funds to Non-Entitlement
Units of Local Government, U.S. Department of The Treasury – Overview of $19.53 billion to non-entitlement units of local governments (NEUs).
- Frequently Asked Questions, as of July 19, 2021 – Treasury update for frequently asked questions (FAQ) related to Coronavirus State
and Local Fiscal Recovery Fund. The FAQ are periodically updated to this document.
The original FAQs were dated May 10 and were subsequently dated May 27, June 8, June
17, June 23, June 24, July 14. and July 19. Check this website for the latest updates.
- FACT SHEET: Coronavirus State and Local Fiscal Recovery Funds – Overview document
- U.S. Department of The Treasury Coronavirus State And Local Fiscal Recovery Funds:
Award Terms and Conditions – Provides terms and conditions for use of funds, period of performance, reporting,
recordkeeping, costs, conflict of interest, and compliance.
- Compliance and Reporting Guidance: State and Local Fiscal Recovery Funds – Provides additional detail and clarification for each recipient’s compliance and
reporting responsibilities under the SLFRF program.
Revenue Loss Calculation
The Revenue Loss Calculation Worksheet is one tool for calculating whether a local
government experienced a revenue loss. It is important to use professional judgement
when completing the worksheet. Supporting documentation should be maintained regarding
the amounts used in the calculation. The formula to adjust revenues reported on the
Report of Local Government Finances assumes all revenues have a normal credit balance.
Other methods to calculate a revenue loss are allowable as long as it follows the
guidance provided in the Final Rule.