IMPORTANT UPDATE - May 10, 2021
The US Treasury just released further guidance on the American Rescue Plan (ARP) as it relates to the Coronavirus State and Local Fiscal Recovery Funds.
USE OF FUNDS:
Today they adopted the Interim Final Rule which specifies the requirements for Coronavirus State and Local Fiscal Recovery Fund expenditures. The Treasury has submitted this document to the Office of the Federal Register (OFR) for publication and is currently pending placement on public display at the OFR and publication in the Federal Register, at which point it will become the official document.
Treasury has also published detailed allocation information for the Coronavirus State and Local Fiscal Recovery Funds. For municipalities considered “Metropolitan Cities” of which Maryland has nine, the allocations are listed by state in this Treasury document. For municipalities considered “Non-Entitlement Units,” which includes the other 148 municipalities in Maryland, the Treasury presently only has aggregate numbers at the state level. However, the state aggregate for Maryland for non-entitlement units went from a first draft of $448 Million to $528 Million. Treasury expects to provide further guidance on distributions to non-entitlement units in the coming days.
IMPORTANT UPDATE - May 5, 2021
The Single Audit Act - The Single Audit Act requires that all non-federal entities that expend more than $750,000 in federal awards in a year are required to obtain an audit in accordance with the Single Audit Act Amendments of 1996, the U.S. Government’s Office of Management and Budget’s Circular A-133, the U.S. Government’s Office of Management and Budget’s Circular Compliance Supplement and Government Auditing Standards. A single audit is intended to provide a cost-effective audit for non-federal entities, so one audit would be conducted in lieu of multiple audits of individual programs.
NLC suggests that municipalities begin budgeting to hire an auditing firm for a single audit if they believe they will expend more than $750,000 in federal awards in a year.
At this moment, it is unclear whether the funds from the American Rescue Plan Act can be used to pay auditors. In a call with Treasury and White House officials, NLC pushed hard for this to be an allowable use of funds under the American Rescue Plan Act.
IMPORTANT UPDATE - April 16, 2021:
DUNS Number - In order to receive ARP Funds, all municipalities must ensure they have a valid DUNS number. A DUNS number is a unique nine-character number used to identify an organization and is issued by Dun & Bradstreet. The federal government uses the DUNS number to track how federal money is allocated. A DUNS number is required prior to registering with the SAM database, which is outlined below. Registering for a DUNS number is free of charge.
If an entity does not have a valid DUNS number, please visit https://fedgov.dnb.com/webform/ or call 1-866-705-5711 to begin the registration process.
Please see our US Treasury Guidance page for more details.