Last week the U.S. Department of the Treasury released Compliance and Reporting Guidance for State and Local Fiscal Recovery funds from the American Rescue Plan Act (ARPA) including General Guidance with Key Principles, Statutory Eligible Uses, Treasury’s Rule, Uniform Administrative Requirements, and Award Terms and Conditions. For more information, please read the League’s recent blog post.
This week, the State Comptroller issued Best Practices for New Jersey Local Governments for Using Coronavirus Local Fiscal Recovery Funds and Internal Control Checklist for New Jersey Local Governments Using Coronavirus Local Fiscal Recovery Funds.
We encourage you to review the State and federal guidance with your administrator and chief financial officer to ensure compliance.
Contact: Paul Penna, Legislative Analyst, ppenna@njlm.org, 609 695-3481, x110.