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Create a feedback loop between internal experts on staff and constituents in order to distribute funds responsibly and provide the best services to your community. Leverage OpenGov's approach to managing,tracking,distributing,and reporting of your federal funds by ensuring your municipality is prepared with these critical steps: gtt The legislation and information available to you is constantly evolving.Do you have Y. dedicated time to educate yourself and your team? Researching Law,Interim Final Rule,FAQs,Fact Sheets produced by credible sources. Nave you consulted trade groups and thought leaders? "3 Lastly,has this information been shared internally with staff who will be required to tr ' support the distribution and tracking of these funds? =r Now that you have access to the right information-it's time to set up your processes. Internal&External needs assessment(proposal solicitation) Establish a fund in your chart of accounts to support efficient and complete reporting Calculations of revenue loss Short,mid,long-term financial projections of all other revenue sources _ d qr ''v Once organized,build out your plan for completing the public health response and rjT spurring the economic recovery in your community. tr, # ' Decide on which programs and strategies you'll be funding with ARPA. €- kr Build line-item budgets for those programs and integrate those with existing work. • Communicate with internal and external stakeholders so that everyone is on the same page and holds the same expectations. Execute Programs Now it's time to do the work Provide for premium pays to front-line workers within and outside of your enterprise. • Support public health response by distributing funds to local nonprofits or through your public health departments to ensure the virus is contained and ultimately defeated. Solicit applications and distribute economic recovery payments for small businesses,and individuals. Build generational internal capacity by modernizing legacy systems and updating processes to match today's needs and reality --as opposed to perpetuating those that were built for the needs of yesterday. "Crack&Review Be prepared to report on progress periodically-both to the Treasury department and your community Monitor actual expenses against planned budgets to ensure that dollars aren't going unused;reallocate as necessary. Provide regular reports to Treasury on a quarterly or annual basis depending on the size of your government. Communicate with residents and business on progress and performance of programs so that they can take pride in their community and understand the breadth and depth of your government's support of the community. Learn more> bequest a Demo) About OpenGov OpenGov is the leader in modern cloud ERP software for our nation's cities,counties,and state agencies.On a mission to power more effective and accountable government,OpenGov serves more than 1,000 agencies across the U.S. Built exclusively for the unique budgeting,financial management,and citizen services needs of the public sector,the OpenGov ERP Cloud makes organizations more collaborative,digitizes mission-critical processes,and enables best-in-class communication with stakeholders. CITY OF c CITY OF COUNTY OF MINNEAPOLIS RICHMOND MIDDLESEX STATE OF CITY OF COUNTY OF OKLAHOMA CAMBRIDGE ADAMS