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Maximizing ARPA Funding: Strategies and Solutions for Governments

Maximizing ARPA Funding: Strategies and Solutions for Governments

As the December 31, 2024, deadline approaches for obligating State and Local Fiscal Recover Funds (SLFRF) under the American Rescue Plan Act (ARPA), governments face critical decisions to preserve and effectively utilize these vital resources. With only 60 percent of SLFRF funds obligated thus far, the urgency to optimize allocation strategies is paramount.

Here are essential strategies to consider as the ARPA deadline looms:

Maximize revenue loss allocation

  • Utilize SLFRF monies to offset revenue loss incurred during the pandemic.
  • Ensure compliance by adhering to guidelines regarding eligible expenses, avoiding allocation for tax reductions, debt services, or pension payments.
  • Strategically calculate revenue loss to maximize funding flexibility, optimizing resource allocation.

Identify allowable costs

  • Leverage ARPA's broad scope to identify previously uncharged but allowable costs.
  • Explore various expense categories, including payroll, community programs, public health initiatives, and infrastructure improvements.
  • Retroactively charge eligible expenses incurred post-March 3, 2021, to ARPA grants, expanding resource utilization.

Establish assistance programs

  • Develop tailored assistance programs to address specific community needs.
  • Implement relief initiatives for businesses, innovative service programs for at-risk populations, and revolving loan funds for minority businesses.
  • Foster creativity in program design to maximize impact and community support.

Our National Government Practice offers extensive strategic ARPA fund deployment and compliance expertise. With a proven track record of administering nearly $2 billion in ARPA funds, our services are fully reimbursable, alleviating financial burdens on local budgets.

Let us partner with you to navigate the complexities of ARPA funding and maximize your community's potential for growth and resilience. Contact us today to learn more about our comprehensive solutions tailored to your needs.

 

02/22/2024

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