SPECIAL FUNDS
Fund 014: IRVINE RECOVERY PLAN FUND The Irvine Recovery Plan (IRP) Fund was established to account for the City ’s General Fund revenue losses from the COVID-19 pandemic. The City received $56.4 million from the American Rescue Plan Act, which was used to offset the General Fund revenue losses in calendar years 2020 and 2021. This led to available funds from the General Fund that were transferred to the IRP Fund for tracking purposes. In October 2022, an initial project list of the IRP was approved by the City Council to begin funding projects for the community, residents, vulnerable businesses, City infrastructure, and City services.
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FY 2023-25 Adopted Budget
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