Coronavirus State and Local Fiscal Recovery Funds:
Project and Expenditures Report User Guide 81
Consistent with the broad latitude provided to recipients to use funds for government
services to the extent of the reduction in revenue, recipients will be required to submit a
description of services provided. These services can include a broad range of services
but may not be used directly for pension deposits, contributions to reserve funds, or debt
service. Recipients may use sources of funding other than Fiscal Recovery Funds to
make deposits to pension funds, contribute to reserve funds, and pay debt service,
including during the period of performance for the Fiscal Recovery Fund award.
For recipients using Fiscal Recovery Funds to provide government services to the extent
of reduction in revenue, the description of government services reported to Treasury
may be narrative or in another form, and recipients are encouraged to report based on
their existing budget processes and to minimize administrative burden. For example, a
recipient with $100 in revenue replacement funds available could indicate that $50 were
used for personnel costs and $50 were used for pay-go building of sidewalk
infrastructure.
In addition to describing the government services provided to the extent of reduction in
revenue, all recipients will also be required to indicate that Fiscal Recovery Funds are
not used directly to make a deposit in a pension fund. Further, recipients subject to the
tax offset provision will be required to provide information necessary to implement this
provision. Treasury does not anticipate requiring other types of reporting or
recordkeeping on spending in pensions, debt service, or contributions to reserve funds.
These requirements are further detailed in the guidance on reporting requirements for
the Fiscal Recovery Funds available here.
1.5. What is the Assistance Listing and Catalog of Federal Domestic Assistance
(CFDA) number for the program?
The Assistance Listing for the Coronavirus State and Local Fiscal Recovery Funds
(CSLFRF) was published May 28, 2021 on SAM.gov. This includes the final Assistance
Listing number for the program, 21.027.
The assistance listing includes helpful information including program purpose, statutory
authority, eligibility requirements, and compliance requirements for recipients. The
Assistance Listing number is the unique 5-digit code for each type of federal assistance,
and can be used to search for program information, including funding opportunities,
spending on usaspending.gov, or audit results through the Federal Audit Clearinghouse.
To expedite payments and meet statutory timelines, Treasury issued initial payments
under an existing Assistance Listing number. If you have already received funds or
captured the initial Assistance Listing number in your records, please update your
systems and reporting to reflect the final Assistance Listing number 21.027. Recipients
must use the final Assistance Listing number for all financial accounting, audits,
subawards, and associated program reporting requirements.
To ensure public trust, Treasury expects all recipients to serve as strong stewards of
these funds. This includes ensuring funds are used for intended purposes and
recipients have in place effective financial management, internal controls, and reporting
for transparency and accountability.