Finance staff: ARPA interest raises tracked one-time funds to $6.8 million; board to refine estimates
August 07, 2026 | Oklahoma County, Oklahoma
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Finance staff presented a reconciliation of one-time funds showing actual ARPA interest receipts from the start date (06/18/2021) through 06/30/2026 and a current one-time balance of roughly $6.8 million. The chair explained the difference from prior estimates is interest receipts that had not been previously accounted for in conservative forecasts.
Members noted that if funds remain unspent the balance will likely grow as interest accrues. Finance staff committed to updating the projection with the September revenues and to using hard receipts for future estimates rather than the prior conservative estimates. The board discussed tracking and identification of one-time funds ahead of September supplements.
Members noted that if funds remain unspent the balance will likely grow as interest accrues. Finance staff committed to updating the projection with the September revenues and to using hard receipts for future estimates rather than the prior conservative estimates. The board discussed tracking and identification of one-time funds ahead of September supplements.
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