Finance Item/Grant Request Template
Date Submitted: 3/28/22
Requesting Agency: Finance
Division: BMO
Subject Matter Expert Name: Rory Regan
Email Address: rory.regan@denvergov.org <mailto:rory.regan@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 amending Ordinance No. 591, Series of 2021, as amended by Ordinance No. 706, Series of 2021, as amended by Ordinance No. 1145, Series of 2021, to allocate spending in the American Rescue Plan Act Grant Fund for Administration.
Amends Ordinance No. 0591, Series of 2021, as amended by subsequent ordinances, to allocate a total of $1,157,300 in spending for the Administration category in the American Rescue Act Plan (ARPA) Grant Fund to support data evaluation and analysis, public outreach expenses and technical support for community partners, and which will be funded from interest earnings generated by the ARPA program. 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.
Ordinance No. 591, Series of 2021, established the American Rescue Plan Act Grant Fund, Fund No. 11011, and accepted the
Coronavirus Local Fiscal Recovery Fund award agreement with the US Department of Treasury. While the ordinance accepted the full
$308,048,870 identified in the award agreement, it included provisions requiring that City Council approve spending in the fund
through amendments to said Ordinance.
Subsequent ordinances amended Ordinance No. 591 to authorize allocations in the “Revenue Loss” and “Administration”
categories. As a result of interest earnings generated by ARPA monies, $1,157,300 will be allocated to the Administration spending
category, for a total Administration allocation of $2,457,300. As of late March 2022, cumulative interest earnings from ARPA monies
total $1,242,716.39.
This bill requests establishment of $1,157,300 from interest earnings to the administration category. This will support data
evaluation and analysis, public outreach expenses associated with the administration of the ARPA funding, as well as
technical support for community partners responsible for implementing ARPA programs. An explanation of each individual request is
summarized in the table below:
|
Program Area |
Investment |
Explanation |
Funding Request |
|
Data Evaluation & Analysis |
Data Collection Software |
Simplify required data collection; ability for external partners to directly report data and metrics |
$31,800 |
|
Data Evaluation & Analysis |
Economic Impact Analysis Modeling Software |
Generates realistic year-by-year estimates of the total local, state, and national effects of a specific policy initiative |
$325,500 |
|
Data Evaluation & Analysis |
Consumer Foot Traffic Data |
Provides insight to unique foot traffic patterns (can customize to Downtown Central Business District, or expand out to entire city, look at neighborhoods, etc.) |
$30,000 |
|
Data Evaluation & Analysis |
Weekly Credit/Debit Card Spend by Type of Business |
Sales, transactions, average transaction size by online/in-store purchase |
$120,000 |
|
Public Outreach |
Public Outreach Activities |
Conduct a series of focus groups, in-person public outreach and general public input meetings with interpretation in four languages |
$150,000 |
|
Community Support |
Community Partner Support |
Technical assistance to non-profits and other community entities to equip them with the tools and training to better adhere to Federal and City requirements for implementing ARPA programs |
$500,000 |
Type (choose one: Grant; Supplemental; Fund Creation; Fund Rescission; Fund Transfer; Appropriation; Other): Allocation of ARPA funds
Amount: $1,157,300
Budget Year:
Fund and Funding Source (Fund/Org/Grant Number, if applicable):
Grantor (if applicable):
Fund Matching Requirements (if applicable):
Fiscal Impact: