The American Rescue Plan Act signed into law in March 2021 provided $350 billion to states and local governments in response to the COVID-19 pandemic. Now that many of you have either received your ARPA dollars or will be soon, it is time to decipher how you will record this money and related expenses, how you will spend down your dollars, and what the reporting requirements will be. This lunch and learn session will cover the ins and outs of the accounting treatment for the ARPA funds, a review of eligible uses, a breakdown of the “lost revenue” calculation, and other things to consider as you work through your planned spend down of your ARPA money.