On Friday, July 31, the U.S. Department of Treasury Office of Inspector General issued a memo to augment a previous memorandum regarding a prime recipient’s quarterly reporting requirements. The additional reported data will be used to support the Treasury Inspector General’s Coronavirus Relief Fund compliance monitoring and oversight efforts and for audit and investigative purposes. Information obtained will also be shared with the Pandemic Response Accountability Committee (PRAC) for its website, as required Section 15010 of the CARES Act.
 
As was announced in OIG-CA-20-021, Coronavirus Relief Fund Recipient Reporting and Record Retention Requirements, Treasury OIG will use a GrantSolutions portal to prepopulate prime recipient data to include “the Coronavirus Relief Fund payment amount, date, recipient Dun & Bradstreet unique identification number (DUNS number) and contact information.” The memo also states that it is the responsibility of the prime recipients to report on uses of Coronavirus Relief Fund payments during the covered period (the period beginning on March 1, 2020 and ending on December 30, 2020).  
 
Prime recipients should review the memo for detailed requirements concerning projects and expenditure categories and be prepared to also provide detailed obligation and expenditure information for any contracts and grants awarded, loans issued, transfers made to other government entities, and direct payments made by the prime recipient that are greater than or equal to $50,000.
 
The memo also includes submission information and reporting timelines.