ARP Compliance and Reporting Guidance: Updates from U.S. Treasury
U.S. Treasury published a new version of the document Nov. 5
The U.S. Treasury has updated its guide on ARP reporting requirements.
The document, titled “Coronavirus State and Local Fiscal Recovery Funds Guidance on Recipient Compliance and Reporting Responsibilities,” provides additional detail and clarification for each recipient’s compliance and reporting responsibilities, and should be read in concert with the Award Terms and Conditions, the authorizing statute, the Interim Final Rule (IFR), and other regulatory and statutory requirements.
A few important summarized notes from the document can be found in our original blog post on the guidance, here.
The last page of the document provides a summary of the Nov. 5 changes. These include:
Updated Subrecipient Monitoring section to clarify beneficiaries and recipients.
Updated references to Interim Final Rule comment period as comment period is closed.
Updated reporting tiers, thresholds and timelines in Part 2 Table 2, Reporting Requirements by recipient type, as well as Part 2 A and Part 2 B.
Updated reporting periods for Interim Report and Project and Expenditure reports.
Added concept of Adopted Budget to Project and Expenditure Report data fields.
Noted phase in of Required Programmatic Data in the Project and Expenditure Report.
Removed certain data fields from the Ineligible Activities: Tax Offset Provision under the Recovery Plan.
Separated reporting of NEU Distributions (for States and territories) from the Interim Report and Project and Expenditure Reports as information will be provided on an ongoing basis.
Read the entire document here, or using the link attachment below.
SLFRF-Compliance-and-Reporting-Guidance _ Nov 5
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Find all updates to U.S. Treasury Guidance at https://www.arp.nclm.org/us-treasury-guidance.