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SUBJECT: AMERICAN RESCUE PLAN UPDATE <br />DATE: APRIL 13, 2021 PAGE 3 OF 3 <br />FISCAL IMPACT: <br />ARPA will provide an estimated $4.47 million in funding to the City of Louisville. These <br />funds can be used for specific purposes as outlined in the Act and as defined by the US <br />Treasury Department. <br />PROGRAM/SUB-PROGRAM IMPACT: <br />This effort supports the City's program area goals for Administration & Support Services <br />to ensure inclusive, responsive, transparent, friendly, fiscally responsible, effective and <br />efficient governance, administration and support. <br />RECOMMENDATION: <br />This is an informational item regarding the ARPA funding that will be provided to the <br />City. Council can provide any input on the information provided, and will have the <br />opportunity to discuss further as more information becomes available regarding the <br />distribution of the funds. Staff will work to be strategic in allocating funds, consistent <br />with eligibility and ease of administration, while allowing for flexibility in use of funds. <br />ATTACHMENT(S): <br />1. Summary of American Rescue Plan <br />2. Allocation by County <br />3. Full text of American Rescue Plan <br />STRATEGIC PLAN IMPACT: <br />® <br />Financial Stewardship & <br />® <br />Reliable Core Services <br />Asset Management <br />® <br />n u Vibrant Economic <br />® <br />Quality Programs & <br />Climate <br />Amenities <br />roftk <br />® <br />- Engaged Community <br />® <br />Healthy Workforce <br />® <br />0 Supportive Technology <br />® <br />• Collaborative Regional <br />Partner <br />CITY COUNCIL COMMUNICATION <br />q <br />