Treasury releases updated ARPA reporting requirements

The new reporting requirements were released by Treasury in an updated Compliance and Reporting Guide for the State and Local Fiscal Recovery Fund.

Counties receiving ARPA Recovery Funds are required to submit reports on a regular basis to Treasury. Counties must submit Project and Expenditure Reports which includes projects funded, expenditures, subawards, and additional programmatic data.

Under the new guidance, the Project and Expenditure Report threshold for quarterly reporting was increased from $5 million to $10 million. This change will allow 27 additional counties in Kentucky to now report annually rather than quarterly. The new guidance also extended the deadline for the first Project and Expenditure Report for counties under the $10 million threshold.

Counties that receive more than $10 million in total ARPA funds will submit their first Project and Expenditure Report on January 31, 2022 and then quarterly thereafter. The first report will cover the period of March 3, 2021 to December 31, 2021.

Counties that receive less than $10 million in total ARPA funds will submit their first Project and Expenditure Report on April 30, 2022 and then annually thereafter. The first report will cover the period of March 3, 2021 to March 31, 2022.

To see your county’s allocation, click here.

Additional instructions will be provided at a later date, including a user guide to assist recipients with gathering and submitting the required information through Treasury’s Portal.