- The US Treasury allocated $173,745,090 of State and Local Fiscal Recovery Funds to the City of Fort Worth
- Allocation of funding was received is two tranches:
- May 19, 2021 - First tranche of $86,872,545 (half of the total allocation),
- June 6, 2022 - Second tranche of the same amount.
ARPA Administration:
As part of the management of the grant, the Financial Management Services Department (FMS) estimates it will incur expenditures of $120,000.00 per year for the following administrative tasks:
- FMS Management
- Oversight
- Departmental Assistance
- Budget Work
- Reporting
- Analysis
- Audit Fees