Cal Cities, along with a team of city finance professionals and the California Society of Municipal Finance Officers (CSMFO), created a revenue loss calculation tool to help cities determine their American Rescue Plan Act (ARPA) allocation spends. The tool incorporates the latest Treasury Department’s Guidance and its applicability to local government finance in California as understood by our team of finance professionals. Two versions of the calculator have been prepared to support cities’ choice to use fund basis (modified accrual) or government-wide (full accrual) financial records.
The calculator will be updated and improve as Treasury Department guidance evolves. Cities will be able to calculate revenue at multiple points throughout the program. Read the full update.
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