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CVB told it qualifies for $350,000 of federal relief money; board approves 2021/22 budget
Smith said the bureau's original relief request was $810,000 and that it qualified for $350,000 for lost revenue; the board approved the proposed expenditures and the 2021/22 budget. The council approved the budget in September and, in November 2021, a budget amendment that the CVB minutes describe as taking $250,000 from its reserves. The CVB reported in May 2022 that it had received the ARPA funds.[1][2][3][4][5]
What the sources say
- ✓ Verified
On August 25, 2021 Smith said "our original request was $810,000 and we qualify for $350,000 for lost revenue," and the board approved the proposed expenditures. In July 2021 Storrs had said the amount would likely be less than requested "due to strict eligibility requirements." On May 25, 2022 the finance director reported "we have received the ARPA funds and that the City has corrected the overpayment"; the minutes do not state the amount received or the overpayment. [1][6][5]
- Requested
- $810,000
- Qualified
- $350,000
- ✓ Verified
On November 9, 2021 the council approved on first reading, 5-0, Ordinance No. 7940 amending the CVB's 2021/2022 budget, presented by Smith. At the CVB board meeting on November 17, Smith reported that the council "approved our budget amendment of taking $250,000 from our reserves" and said a second ARPA request would follow. The council minutes do not state the amount. [4][3]