The U.S. Treasury has posted updated guidance for reporting under the State and Local Fiscal Recovery Funds.
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The Congressional Research Service has issued a report providing resources to track federal COVID funding.
The U.S. Office of Management and Budget has released the publication of OMB Memorandum M-22-02, New Financial Assistance Transparency Reporting Requirements. The M-22-02 requirements concludes and formally rescinds M-21-03.
Treasury will soon begin the process of recapturing excess funds that exceed a jurisdiction’s needs or administrative capacity and reallocate them to jurisdictions with demonstrated needs for this assistance.