Federal American Rescue Plan Act of 2021 (ARPA)

Navigating the Difficulties of Using ARPA Funding   The Federal American Rescue Plan Act of 2021 (ARPA), a $1.9 trillion stimulus package, was signed on March 11, 2021. Among the allocations provisions, county governments and municipalities with populations over 50,000 will receive direct assistance. The ARPA will provide states with funding for allocation to other qualifying [...]

2021-09-13T11:17:58-05:00September 13th, 2021|COVID-19, GOVERNMENTS|

Paycheck Protection Program (PPP) Implications for Government Contractors

The Coronavirus Aid, Relief, and Economic Security (CARES) Act administered trillions of dollars to assist small businesses. This funding included $349 billion earmarked for PPP, with an additional $310 billion authorized in the second round. These loans are eligible for forgiveness as long as the money is spent for the intended purposes of meeting qualified [...]

2021-08-18T13:11:18-05:00August 18th, 2021|GOVERNMENTS|

Homeowner Assistance Fund – What Tribes and Applicants Need to Know

As part of the American Rescue Plan Act, signed into law on March 11, 2021, the Treasury created the Homeowner Assistance Fund (HAF), which allocates $498 million of funding to Tribes or Tribal housing entities with a fund utilization deadline of September 30, 2026. The objectives of the HAF program are to prevent mortgage delinquencies, [...]

2021-08-18T12:43:49-05:00August 4th, 2021|COVID-19, GOVERNMENTS|

Homeowner Assistance Fund – You Don’t Know the HAF of it!

As part of the American Rescue Plan Act (ARPA) signed into law on March 11, 2021, the Treasury Department created the Homeowner Assistance Fund (HAF), which contains $9.961 billion of funding to prevent mortgage delinquencies, loss of utilities, and displacement of homeowners. A large majority of the funding, $9.39 billion, is allocated to states, $498 [...]

2021-08-18T12:46:06-05:00August 3rd, 2021|GOVERNMENTS|

American Rescue Plan for Governments: The Resources Available

Throughout the COVID-19 pandemic, the federal government has provided numerous financial stimulus packages to support the community and the economy. However, local governments have seen their largest funding source come from the signing of the American Rescue Plan Act (ARPA). The CARES Act funding primarily landed with states and counties, but for the first time [...]

2021-08-13T09:59:33-05:00July 29th, 2021|COVID-19, GOVERNMENTS|

Strategic Use of ARP Government Funds for Long-Term Success

The U.S. Department of Treasury states that the American Rescue Plan (ARP) Act will deliver $350 billion for eligible state, local, territorial, and Tribal governments to respond to the COVID-19 emergency and bring back jobs. The guidance includes information on how the substantial infusion of resources is to help turn the tide on the pandemic, [...]

2021-07-23T13:43:54-05:00July 19th, 2021|COVID-19, GOVERNMENTS|

Funding for Governments: The American Rescue Plan and How it Differs from the CARES Act

On March 11, 2021, the American Rescue Plan Act was signed into law, initiating the latest round of federal stimulus funding in response to the COVID-19 pandemic. The total amount of funding provided by the American Rescue Plan is $1.9 trillion, which is in line with the $2.2 trillion provided by the CARES Act. Although [...]

2021-07-23T13:41:45-05:00March 16th, 2021|COVID-19, GOVERNMENTS|

Federal Audit Clearinghouse Extended Submission Dates FAQs

Download a printable version of this resource here. The information below has been updated as of March 24, 2021, and reflects the most recent guidance provided by OMB Memo M-21-20. Due to COVID-19, the federal government has significantly increased its federal funding. This increase has caused many entities to surpass the Office of Management [...]

2021-03-26T11:28:23-05:00March 9th, 2021|GOVERNMENTS, HEALTHCARE, Single Audits|

Comparison: COVID-19 Employer Relief Options

Information updated as of April 2021.   Which COVID-19 relief benefit is right for your business, nonprofit, or governmental entity? The answer depends! Do you have over 500 employees, over 100 employees, under 50 employees, or are you self-employed? Is your business quarantined or are you able to continue working as normal, or by telework? [...]

Updates to the Long-Anticipated Compliance Supplement Addendum

On December 23, 2020, the Office of Management and Budget (OMB) released the long-anticipated Compliance Supplement Addendum, which contains information specific to several federal programs. These programs include COVID-19-related funding for both entirely new and existing programs updated in the four funding acts enacted during 2020 in response to the COVID-19 pandemic, including the CARES [...]

2021-05-10T08:55:36-05:00January 6th, 2021|GOVERNMENTS, HEALTHCARE|

COVID-19 Relief Package – Does it Impact State and Local Governments?

After months of negotiating, Congress has passed a new COVID relief package, which will provide approximately $900 billion of additional pandemic aid. Although first glance may lead one to assume that the new bill has no direct impact on states and local governments, several key items were included in the most recent legislation: Coronavirus Relief [...]

2020-12-28T14:26:58-06:00December 28th, 2020|COVID-19, GOVERNMENTS, STATE & LOCAL TAX|

OMB Revisions to the Uniform Guidance – August 2020

On August 13, 2020, the Office of Management and Budget (OMB) issued revisions to the Uniform Guidance in 2 CFR 200. These revisions are part of a required review of the Uniform Guidance performed every 5 years. While most of the revisions will go into effect on November 12, 2020, two sections are now applicable [...]

2020-08-17T19:27:08-05:00August 17th, 2020|GOVERNMENTS|

CARES Act and Provider Relief Fund Single Audit

In less than four months, the United States government has distributed (or is in the process of distributing) hundreds of billions of dollars in funding to state and local governmental entities and healthcare providers of almost all types. This funding was authorized in various spending bills between March and May of 2020, with the most [...]

2020-10-01T13:36:50-05:00July 27th, 2020|COVID-19, DISASTER RECOVERY, GOVERNMENTS, HEALTHCARE|

Relief Funds for State and Local Governments

For weeks, the nation has been trying to adapt to new changes caused by the COVID-19 virus. While organizations across the board have felt the impact of these changes, state and local governments have felt the hit equally as hard. Governments have been trying to maintain healthcare and other essential services by modifying working practices [...]

2020-05-29T18:27:03-05:00May 13th, 2020|COVID-19, GOVERNMENTS|

Maximizing Recovery and Minimizing Disruption – COVID-19 Funding Administration and Related Challenges

The effects of the COVID-19 pandemic will be felt for months, if not years. As state and local governments look towards the future, the landscape is filled with uncertainty. Governmental entities are now looking to teams of experts to gather and communicate guidance and best practices as the “new normal” environment come into shape. Overall, [...]

2020-05-13T13:37:47-05:00May 12th, 2020|COVID-19, GOVERNMENTS|

CARES Act Impact for Tribal Governments

The COVID-19 crisis has had a considerable impact on governments across the country in a short space of time. In some areas, tribal governments are among the hardest-hit by the health crisis and are struggling to maintain personnel and consistency in day-to-day financial operations. On top of this, the rapid speed of developments makes it [...]

2020-05-18T11:48:48-05:00May 11th, 2020|COVID-19, GOVERNMENTS|

Challenges of Administering Relief Fund Programs

Many states have started to reduce restrictions that have been put in place to combat the COVID-19 outbreak. In addition to managing this next phase of the pandemic, states and local governments are also trying to administer new relief fund programs created by the crisis. This process already lends itself to be somewhat tricky in [...]

2020-05-13T13:37:42-05:00May 11th, 2020|COVID-19, GOVERNMENTS|

Hazardous Duty Pay – Avoiding Unnecessary Troubles

Historically, hazardous duty pay has been associated with dangerous military actions, usually in a foreign country, in times of war or peril. Certainly, we’re living in unprecedented times where history seems to be re-written daily, and the enemy now moves swiftly, not only abroad, but here at home in America.  As in any time of [...]

CARES Act Funding and the SEFA for Governmental and Not-for-Profit Entities

As governmental and not-for-profit entities begin to receive and spend funds provided under the CARES Act, many unanswered questions related to the administration and treatment of the myriad funding sources remain. Auditors and auditees are looking ahead to determine the effect of these programs on upcoming audits. While there is very little conclusive information available [...]

2020-05-11T15:49:44-05:00May 5th, 2020|COVID-19, GOVERNMENTS, NOT-FOR-PROFITS|

Getting Ahead of a Possible Recession – A Case Study

While we can’t know what is ahead of us over the next weeks and months, it’s certainly likely that the global economic repercussion of COVID-19 will cause revenue reductions to local governments. The last major recession in 2008 and 2009 gives us learned lessons and successful techniques for navigating the potentially rough fiscal roads ahead. [...]

2020-04-23T17:35:57-05:00April 17th, 2020|COVID-19, GOVERNMENTS|