The U.S. Treasury has posted updated guidance for reporting under the State and Local Fiscal Recovery Funds. The guidance provides additional detail and clarification for each recipient’s compliance and reporting responsibilities, and should be read in concert with the Award Terms and Conditions, the authorizing statute, the Interim Final Rule (IFR), and other regulatory and statutory requirements.
 
Version 2.0 of the reporting guidance includes:

• Updated Subrecipient Monitoring section to clarify beneficiaries and recipients.
• Updated references to Interim Final Rule comment period as comment period is closed. 
• 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 Interim Report and Project and Expenditure reports.
• Added concept of Adopted Budget to Project and Expenditure Report data fields.
• Noted phase in of Required Programmatic Data in the Project and Expenditure Report.
• Removed certain data fields from the Ineligible Activities: Tax Offset Provision under the Recovery Plan.
• Separated reporting of NEU Distributions (for states and territories) from the Interim Report and Project and Expenditure Reports as information will be provided on an ongoing basis.