Key SLFRF Reports Are Due Tomorrow, Aug. 31
If you are a government that received funds from the Department of the Treasury’s State and Local Fiscal Recovery Fund (SLFRF), be advised that a major reporting deadline is tomorrow, Aug. 31!
SLFRF, authorized under the American Rescue Plan Act (Pub. L. 117-2), provided a large infusion of federal dollars to state, local, territorial and tribal governments to respond to the COVID-19 public health emergency, replace lost revenue and offer premium pay to eligible workers to retain jobs. The program provides a level of flexibility to enable each government to meet local needs. In comparison, Treasury’s Coronavirus Relief Fund under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (Pub. L. 116-136) provided funds only to state governments. In addition, SLFRF introduces the concept of “non-entitlement units of local government” (NEUs), which are small communities that receive direct dollars from Treasury under this program, where the funds are allocated and disbursed by their state without the usual subrecipient arrangement.
Treasury requires certain reports under SLFRF: (1) interim reports, which provide an initial overview of the program’s status and use of funding; (2) project and expenditure reports, which discuss specific projects funded, expenditures, contracts and subawards greater than $50,000, as well as other information; and (3) recovery plan performance reports, which provide information on the projects that large recipients are undertaking with program funding and how they plan to ensure program outcomes are achieved in an effective, efficient and equitable manner.
Focusing on the first and last of these reports, all recipients other than non-entitlement units of local government, must submit a one-time interim report as of tomorrow (Aug. 31) indicating expenditures under various expenditure categories from the date of award to July 31. More information on Treasury’s SLFRF reporting portal and the agency’s reporting requirements can be learned through a Treasury webinar here. In addition, states, territories, metropolitan cities and counties with a population greater than 250,000 residents also will be required to publish and submit to Treasury a recovery plan performance report. Each recovery plan must be posted on the recipient’s website by the same date the recipient submits the report to Treasury. The initial recovery plan will cover the period from the date of award to July 31, and also must be submitted to Treasury as of tomorrow.
And as a heads up, the first project and expenditures reports are due Oct. 31. Hopefully, governmental entities have been preparing for these reports are won’t be caught flatfooted by these deadlines. The clock is ticking; make sure to submit these reports by the end of the day tomorrow!
Join us for our following Thompson Grants events:
Thompson Grants Workshop: Reevaluating Your Policies & Procedures | September 14 - 15, 2021 | Virtual Event
Nonprofit Legal, Finance, and Grants Conference | September 22 - 23, 2021 | Virtual Event
