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HomeMy WebLinkAbout20212289.tiffHEARING CERTIFICATION DOCKET NO. 2021-48 RE: PUBLIC HEARING TO CONSIDER USE OF CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS UNDER THE AMERICAN RESCUE PLAN ACT OF 2021 A public hearing was conducted on July 28, 2021, at 9:00 a.m., with the following present: Commissioner Steve Moreno, Chair Commissioner Scott K. James, Pro -Tern Commissioner Perry L. Buck Commissioner Mike Freeman Commissioner Lori Saine - EXCUSED Also present: Acting Clerk to the Board, Esther E. Gesick County Attorney, Bruce T. Barker Director of Finance and Administration, Donald D. Warden The following business was transacted: El I hereby certify that pursuant to a notice dated July 14, 2021, and duly published July 16, 2021, in the Greeley Tribune, a public hearing was conducted to consider use of Coronavirus State and Local Fiscal Recovery Funds under the American Rescue Plan Act of 2021. Bruce Barker, County Attorney, made this a matter of record. Chair.Moreno reviewed for the public, the procedures to follow, should this hearing result in a tie vote due to four Commissioners being present and Commissioner Saine being excused. Don Warden, Director of the Department of Finance and Administration, displayed a PowerPoint presentation and explained in March 2021, Congress passed the American Rescue Plan Act (ARPA) of 2021, through which Weld County will receive funding to be expended over the next two (2) years. He stated the ARPA Fund was established to provide direct allocations to help local jurisdictions financially address the economic fallout of the COVID-19 pandemic, and he reviewed the five primary ways the funds may be used. Mr. Warden stated the funds must be justified and used to recover costs incurred between March 3, 2021, and December 31, 2024, with all work to be completed by December 31, 2026. He reported, in April 2021, Weld County was awarded the first half ($31,514,383.50) of the total allocation of $63,028,767.00, and using the ARPA Revenue Replacement Calculator formula, Weld County can justify use of the entire amount received in the first year, with a like amount expected in 2022. He commended Assistant Controller, Chris D'Ovidio, and the other Accounting Department staff for tracking the County's revenue losses (including Oil and Gas property taxes, reduced Severance taxes, and other related Highway User Tax Fund [HUTF] items) and costs incurred during the COVID-19 Pandemic resulting in a documented revenue reduction of $70,085,612.00. Mr. Warden proposed, in 2021 and 2022, a portion of the funds be applied to the Public Works Fund for road and bridge capital projects to avoid deferring projects in future years, as well as in the General Fund to provide general governmental services, such as added jail costs related to COVI D-19, as well as capital facility projects. He reviewed the remaining slides detailing other American Rescue Act Programs benefiting citizens. In response to Chair Moreno, Mr. Warden indicated he would research the ccFICOW. 1 Acrcescico), cAct,0) og/l3/.2.I 2021-2289 FI0074 HEARING CERTIFICATION - USE OF CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS UNDER THE AMERICAN RESCUE PLAN ACT PAGE 2 deadline for use of the Emergency Rental Assistance funds. He noted the State has also approved $70 million for various other programs which he reviewed for the record. Chair Moreno commended Mr. Warden and the numerous other staff involved to identify best use of the funds. to In response to Chair Moreno, Mr. Warden reported most of the other Big 10 Counties are utilizing their funds to compensate for lost revenues, which provides the most flexibility. Commissioner Freeman commented some of the jurisdictions are going to face challenges in the future if they use the funds to create new social programs that will not have ongoing funding in the future. In response to Commissioner Freeman, Mr. Warden confirmed any unused funds will have to be returned, which some legislators are hoping can be used to pay for the cost of the Infrastructure Bill, rather than raising taxes. Responding to Commissioner Buck, Mr. Warden stated Weld County has been able to use the Loss of Revenue category to successfully justify full use of the funds for governmental services, whereas, the criteria of the other categories is extremely complicated with required goals, performance measurables, and documented social equity within the community. He reiterated the funds must be allocated by December 31, 2024, and then the projects must be completed, and all bills paid by December 31, 2026. No public input was offered concerning this matter. Commissioner James moved to approve the proposed Plan for Use of Coronavirus State and Local Fiscal Recovery Funds Received from the American Rescue Plan Act of 2021, as presented by the Department of Finance and Administration, to Replace Public Sector Revenue Loss: Use funds to provide government services to the extent of the reduction in revenue experienced during the Coronavirus (COVID-19) Pandemic. The motion was seconded by Commissioner Buck, and it carried unanimously. There being no further discussion, the hearing was adjourned at 9:40 a.m. This Certification was approved on the 2nd day of August, 2021. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO ATTEST: datif4AJ G �C,�ca•� Weld County Clerk to the Board BY: eputy Clerk to the Board Steve •reno, C -'r mes, Pro-Te Perry L. Bu Mike Freeman EXCUSED Lori Saine 2021-2289 FI0074 Hello