'U.S. Treasury'

Last week, the U.S. Department of Treasury released updated Reporting Guidance on their website. All recipients of State and Local Fiscal Recovery Funds (SLFRF) award grants received an email Monday about the updated guidance. Please see the analysis from the League’s federal partner, the National League of Cities (NLC).

As the League has previously shared, the U.S. Treasury Interim Final Rule for the American Rescue Plan and State and Local Fiscal Recovery Funds (SLFRF) includes compliance rules and guidelines

Recently, both the U.S. Treasury and the New Jersey Office of the State Comptroller (OSC) provided American Rescue Fund Coronavirus State and Local Relief Funds compliance resources for municipal governments, including webinars, best practices, and checklists. Below is a summary of the guidance provided. We suggest you review this information with your chief financial officer and administrator.