All recipients of Federal funds must complete financial, performance, andcompliance reporting as required and outlined in Part 2 of the SLFRF guidance. SLFRF awards are generally subject to the requirements in the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, 2 CFR Part 200 (UGG). The Guidance provides a general summary of compliance responsibilities, and all awardees are encouraged to also review the 2020 OMB Compliance Supplement Part 3. Compliance Requirements (issued August 18, 2020).
Updates that may be beneficial for you to be aware of were made to the following:
Updated the Subrecipient Monitoring section to clarify beneficiaries and recipients
Updated reporting tiers, thresholds and timelines in Part 2 Table 2, Reporting Requirements by Recipient Type, as well as Part 2 A and Part 2 B
Updated reporting periods for both the Interim Report and the Project and Expenditure Report
Added the Adopted Budget category to the Project and Expenditure Report data fields
Removed certain data fields from the Ineligible Activities: Tax Offset Provision under the Recovery Plan Report
Separated reporting of NEU Distributions (for States and territories) from the Interim Report and Project and Expenditure Reports > further information will be provided on an ongoing basis
Updated pages 9 and 11 to note that civil rights certification is not applicable to Tribal Governments for the Project and Expenditure Report
Most importantly, there have been updates to reporting requirements.
Updates have been made to the compliance requirements for the Interim Report (Section A, page 13), the Project and Expenditure Report (Section B, page 17-22), and the Recovery Plan Performance Report (Section C, page 22-29). We have taken a deeper dive into these reporting types and have created a guide to the updated Reporting Requirements for the Treasury’s SLFRF.