Documents › Board Of Trustees, 2022-07-18

budget 3 pages

From: dob.sm.localarpa <dob.sm.localarpa@budget.ny.gov> Sent: Friday, July 8, 2022 11:49 AM To: Janine King <jking@crotononhudson-ny.gov> Subject: Local ARPA Notification: Second Tranche Distribution and Allocation ***CAUTION: External sender.*** KATHY HOCHUL Governor ROBERT F. MUJICA JR. Director of the Budget July 8, 2022 Janine King Village Manager Village of Croton-On-Hudson 1 Van Wyck Street Croton-On-Hudson, NY 10520 This letter is to inform you that the Village of Croton-On-Hudson will soon receive the remaining 50% of its American Rescue Plan Act Local Fiscal Recovery Funds. Your municipality’s total allocation, half of which was paid in the Summer 2021 and half of which is to be paid this Summer 2022, is:  Total American Recue Plan Act Local Fiscal Recovery Funds Allocation: $830,253.92 For your municipality, Summer 2021 payments were as follows:  First 50% (Summer 2021): $415,126.97 o Payment #1: $413,438.99 o Payment #2: $1,687.98 In Summer 2022, the final payment, representing the second 50%, is due to each municipality. For your municipality, this payment will total as follows:  Second 50% (Summer 2022): $415,126.95 As with the prior payments from Summer 2021, funds will be disbursed by the Office of the New York State Comptroller (OSC) electronically, using your municipality’s existing banking information from the New York State Vendor File. Prior to the Summer 2021 payments, your municipality should have received instructions from OSC about how to confirm and provide any necessary updates/corrections of that information. If your municipality did not receive the initial payment electronically from the State, you should have received instructions from OSC for adding banking information to allow your municipality to receive these payments electronically. If you need further assistance, please contact epayment@osc.ny.gov. In addition, please be advised of the following:  Retain NEU Recipient Number. You must retain your NEU Recipient Number as an identifying number for the lifecycle of this program, including for reporting purposes. As a reminder, your NEU Recipient Number is: NY5503  Review Federal Reporting Requirements. The Federal Government has established usage and reporting requirements for these funds. NEUs should visit the United States Department of Treasury website: https://home.treasury.gov/policy- issues/coronavirus/assistance-for-state-local-and-tribal-governments/state-and-local- fiscal-recovery-funds/recipient-compliance-and-reporting-responsibilities Thank you for your attention and responsiveness with regards to your municipality’s Local Fiscal Recovery Funds as part of the American Rescue Plan Act. Division of the Budget email: localarpa@budget.ny.gov Division of the Budget website: https://www.budget.ny.gov/localarpa/index.html