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CASSGLBERRY CITY COMMISSION Minutes of October 25, 2021 — Regular Meeting Page 8 of 15 municipalities, counties, tribes and territories. Distribution of Funds o Funds have been distributed directly to each state, territorial, metropolitan city, county and tribal government. o Non -Entitlement Units (NEU's — cities under 50,000 in population) will receive $19.5 billion from their state government. Casselberry is considered an NEU. o Treasury expects to make payments to states for distribution to NEU's in two equal tranches approximately twelve months apart. Local Funding Allocation o Casselberry's estimated allocation is $14,403,048. o The initial distribution of $7,201,524 was received on September 29, 2021. Reporting Requirements o Non -Entitlement Units (NEU's) are required to provide a Project & Expenditure Report by April 30, 2022 for the period between award and March 31, 2022. o This report should include information on projects funded, expenditures, and contracts and subawards over $50,000. o Funds must be obligated (or encumbered) by December 31, 2024 and spent by December 31, 2026. Eligible Uses of Funding o Support public health expenditures. o Address negative economic impacts caused by the public health emergency. o Replace lost public sector revenue. o Provide premium pay for essential workers. o Invest in water, stormwater, and sewer. o Broadband infrastructure. Ineligible Uses o Funds are not eligible to reduce net tax revenue. o Funding may not be used for contributions to a pension fund for the purpose of reducing an accrued, unfunded liability. o Funds are not eligible to be used for debt service, legal settlements or judgments, and deposits to financial reservices. Distribution of Funds o States may not impose additional conditions or requirements on distributions to NEU's, beyond those permitted by ARPA and Treasury's guidance. o States are not allowed to offset any debt owed by the NEU against the NEU's distribution. o States may not provide funding to NEU's on a reimbursable basis. City Allocation of Funds o Casselberry is estimated to receive a total of $14.4 million • $7,201,524 was received September 29, 2021. ■ Funds considered revenue recovery can be used broadly as funding represents lost general revenue (approximately $3 million). ■ The remaining balance must be used for projects in eligible categories. ■ Interlocal Agreement with Seminole County is being discussed to provide City contribution toward regional programs. Allocation of Funds o Support Public Health Response