The new guidance provides additional detail and clarification on counties’ compliance and reporting responsibilities for the Fiscal Recovery Funds. The Compliance and Reporting Guidance can be found here.
Compliance Responsibilities:
The guidance provides details on counties’ compliance responsibilities including cash management, procurement, subrecipient monitoring, etc. Treasury also includes award terms and conditions and recommended best practices. See Part 1 of the guidance for more details on county compliance responsibilities.
Reporting Requirements:
All counties are required to submit an Interim Report by Aug. 31, 2021, and their first Project and Expenditure Report by Oct. 31, 2021. Counties that receive more than $5 million in Fiscal Recovery Funds will be required to submit quarterly Project and Expenditure Reports. Counties that receive less than $5 million in Fiscal Recovery Funds will be required to submit annual Project and Expenditure Reports. Only counties that exceed 250,000 population will be required to submit annual Recovery Plan Performance Reports.
The guidance provides details on the information required in each report. Counties will be required to provide information on projects, expenditures, subawards and specific programmatic data. A user guide will be released at a future date with additional information on how and where to submit required reports. See Part 2 of the guidance for more details on county reporting requirements.
Learn more about the American Rescue Plan Act, including allowable expenses and other guidance for Kentucky counties HERE.
