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ARP Revenue Replacement Appropriation 2022-08-08
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ARP Revenue Replacement Appropriation 2022-08-08
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8/11/2022 9:40:32 AM
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8/11/2022 9:40:07 AM
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CITY OF SOUTH BEND, IN <br />Revenue Replacement <br />•Part of the City’s plan to effectively utilize the American Rescue Plan funding is to increase <br />flexibility on use of funds by utilizing revenue replacement. <br />•Revenue replacement funds appropriated by this bill will be used to pay for expenditures <br />that are normally paid for from the General Fund. <br />•This frees up funds in the General Fund to be used for spending on priorities identified as <br />the “ARP-related budget” during the 2022 budget process. <br />•Revenue replacement does not change that planned spending nor does it remove <br />Council’s role in appropriating ARP funds. Council is required to appropriate funds in <br />both the General Fund and the ARP Fund.
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