| ARPA - Revenue Replacement - FY 22 |
Between fiscal years 2020 and 2021, the City of Miami experienced a significant loss of revenue due to the COVID-19 pandemic. To calculate the actual revenue loss, the City used the U.S. Treasury formula outlined in the Final Rule and Compliance Guidance. According to these calculations, the City had a revenue loss of more than $69.7 million in 2020 and $94 million in 2021. Under the Revenue Replacement allowable use category, the U.S. Treasury allows local governments to spend SLFRF (State and Local Fiscal Recovery Funds) funding on a broad range of general government services. The U.S. Treasury has provided a list of general government services that are presumed to be eligible uses of SLFRF funds. These include: 1. Maintenance or pay-go funding for the building of infrastructure, including roads 2. Modernization of cybersecurity, including hardware, software, and protection of critical infrastructure. 3. Health Services 4. Environmental remediation 5. School or educational services 6. Provision of police, fire, and other public safety services, such as purchasing fire trucks or police vehicles, purchasing other equipment, and covering salaries of public safety per-sonnel. Based on the revenue loss calculations, the City allocated $72.7 million for Revenue Replacement to help offset the losses of income due to the COVID-19 pandemic. These funds were distributed among various departments detailed in the following project inventory below. |
City-wide |
Revenue Loss |
R-21-0402 |
23-A6-01-0001 |
14,581,000.00 |