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Federal Subrecipient Agreement With Vincent Academy Adventure Coast, Inc., and Associated Budget Resolution
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BRIEF OVERVIEW
On March 11, 2021, the American Rescue Plan Act (ARPA) was signed into law and established the Coronavirus State Fiscal Recovery Fund and Coronavirus Local Fiscal Recovery Fund which together make up the Coronavirus State and Local Fiscal Recovery Funds (“SLFRF”) program. This program is intended to provide support to State, territorial, local, and Tribal governments in responding to the economic and public health impacts of COVID-19 and in their efforts to contain impacts on their communities, residents, and businesses. Hernando County received a total of $37,666,688.00 over two installments, one in 2021 and the next in 2022.
Per Board direction on October 22, 2024, Agenda Item No. 14459, staff is requesting that $250,000.00 in ARPA funding be obligated to Vincent House to assist with Phase I construction services.
FINANCIAL IMPACT
Upon approval of the attached budget resolution, funds will be available within Fund 1555 American Rescue Plan Act (ARPA):
Revenues:
Fund: 1555 - AMERICAN RESCUE PLAN ACT, Department: 31090 - SLFRF-GENERAL GOVT ARPA, Account: 3311000 - FED GRT - CFDA 21.027 SLFR
Expenses:
Fund: 1555 - AMERICAN RESCUE PLAN ACT, Department: 31090 - SLFRF-GENERAL GOVT ARPA, Account: 5808201 - AID TO PRVT ORGANIZATION
LEGAL NOTE
The Board is authorized to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman’s signature on the attached Federal Subrecipient Agreement with The Vincent Academy Adventure Coast, Inc., d/b/a Vincent House, County Contract No. 25-A0199/EK, for the award of $250,000.00 in ARPA funding and approve the attached associated budget resolution.