The American Rescue Plan (ARP) is a plan introduced by the current administration with varying grant and provisions to help families, organizations, and state & local governments recover from the impacts of Covid-19. According to the U.S. Treasury, state and local revenues have “plummeted as a result of the economic fallout from the crisis.” This page provides a guide for the ARP provisions for State and Local Fiscal Recovery Funds (SLFRF).
$350 Billion Emergency Funding for State, Local, Tribal, and Territorial Governments
Reporting Portal & Instructions
On August 10, 2021, the U.S. Department of Treasury released the “User Guide: Treasury’s Portal for Recipient Reporting” with instructions for submitting information into the Coronavirus State and Local Fiscal Recovery Funds (SLFRF) recipient reporting portal. The User Guide is intended to supplement the Compliance and Reporting Guidance that was issued on June 17, 2021.
Reporting deadlines are approaching quickly so be sure to check out the specific requirements and due dates for compliance by entity type and size by clicking on the two guides provided below.
How to Request Funding
Funds are subject to Uniform Guidance requirements and may be subject to a Single Audit if criteria is met for the entity. Additionally, funding must be spent by the end of Calendar Year 2024. Eligible governmental entities may request their allocation of Coronavirus State and Local Fiscal Recovery Funds through the Treasury Submission Portal.
If you have any concerns or questions, please know you can reach out to our team!
Rachel G. Young, CPA, CGMA
Rachel is a Shareholder & Strategic Consultant who is also the leaders of our Assurance Department. She has over 20 years of experience working side-by-side with clients in Avizo’s governmental niche.