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File #: 22-0373    Version: 1
Type: Bill Status: Passed
File created: 3/27/2022 In control: Finance & Governance Committee
On agenda: 4/25/2022 Final action: 4/25/2022
Title: A bill for an ordinance establishing a new Capital Fund in the Grant and Other Money Projects Fund Series for the "American Rescue Plan Capital Project Fund" and authorizing a cash transfer from the "American Rescue Plan Act Grant Fund." Establishes a new capital fund, The American Rescue Plan Capital Project Fund (38395), and authorizes a cash transfer from the American Rescue Plan Act Grant fund (11011) to the new capital fund in the amount of $10,970,000, which equals the amount City Council previously approved in the ARPA Grant fund's Recovery allocation for capital projects, as a corrective action to ensure that capital improvement expenditures occur in the correct fund series as authorized in the Denver Revised Municipal Code. The Committee approved filing this item at its meeting on 4-5-22.
Indexes: Zach Rothmier
Attachments: 1. BR22 0373 DOF_Cash Transfer for ARPA Capital, 2. CB22 0373_DOF_ARPA Capital Fund and Transfer, 3. 22-0373 Filed Bill_DOF_ARPA Capital Fund and Transfer, 4. 22-0373 - signed, 5. 22-0373 For an ordinance establishing a new Capital Fund in the Grant and Other Money
Finance Item/Grant Request Template

Date Submitted: 3/28/22

Requesting Agency: Finance
Division: BMO

Subject Matter Expert Name: Nikki McCabe
Email Address: Nikki.mccabe@denvergov.org
Phone Number:

Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney's Office should enter the title above the description (the title should be in bold font).

Both the title and description must be entered between the red "title" and "body" below. Do not at any time delete the red "title" or "body" markers from this template.
title
A bill for an ordinance establishing a new Capital Fund in the Grant and Other Money Projects Fund Series for the "American Rescue Plan Capital Project Fund" and authorizing a cash transfer from the "American Rescue Plan Act Grant Fund."
Establishes a new capital fund, The American Rescue Plan Capital Project Fund (38395), and authorizes a cash transfer from the American Rescue Plan Act Grant fund (11011) to the new capital fund in the amount of $10,970,000, which equals the amount City Council previously approved in the ARPA Grant fund's Recovery allocation for capital projects, as a corrective action to ensure that capital improvement expenditures occur in the correct fund series as authorized in the Denver Revised Municipal Code. The Committee approved filing this item at its meeting on 4-5-22.
body

Affected Council District(s) or citywide? Citywide

Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.

Per the DMRC, capital projects should be expended from capital funds as identified in the Fund Plan, Section 20-18. Ordinance No. 0591, Series of 2021, authorized an allocation of $73,750,000 in the ARPA Grant Fund for citywide Recovery investments, which included capital investments u...

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