Blog

U.S. Treasury Department provides update on revenue calculation in Recovery Fund reporting portal

Error message

In order to filter by the "in queue" property, you need to add the Entityqueue: Queue relationship.
  • Blog

    U.S. Treasury Department provides update on revenue calculation in Recovery Fund reporting portal

    On August 30, the U.S. Treasury Department issued the following update on calculating revenue in the State and Local Fiscal Recovery Fund reporting portal:

    Treasury Update on Calculating Revenue

    Treasury understands that some entities have not yet completed their revenue replacement calculations. In order to complete the Interim Report under these circumstances you can use the best available estimate (or put zero if no estimate is available) in the required revenue replacement fields for now. You can also use the text field to explain that your government is still determining the revenue replacement amount and how it will be spent.

    You will have an opportunity to update it in subsequent reporting and Treasury will not interpret zero in the Interim Report as final.

    Recovery Fund Reports Due August 31

    Counties that receive funding from the State and Local Fiscal Recovery Fund are required to meet compliance and reporting responsibilities. Tuesday, August 31, both the Interim Report and the Recovery Plan Performance Report are due to the U.S. Treasury Department.

    The Interim Report must be completed by all counties that have certified for Recovery Funds. Additionally, the Recovery Plan Performance Report must be completed by counties that have a population of 250,000 and above.

    Reporting Portal Walkthrough

    The U.S. Treasury released a recorded presentation providing a walkthrough of the reporting portal and instructions on completing required reports. Watch the full walkthrough here. For individual clips, click below to watch:

    • Webinar Overview
    • Reporting Basics
    • Navigation and Logistics
    • Interim Report
    • Recovery Plan Performance Report
    • FAQs and Key Terminology

    Other helpful resources

    • Additions to the Frequently Asked Questions about eligible expenditures on Treasury’s webpage. Treasury has not yet released the Final Rule for the Recovery Fund, but NACo members should reference the Interim Final Rule for any expense eligibility question.
    • Treasury resources include a Recovery Plan template, which details required information for the Recovery Plan Performance Report, and webinar recordings geared towards specific recipient groups.

    NACo is in close communication with Treasury officials about specific requirements included in both reports. View NACo's updated FAQ document or ask our experts a question.

    On August 30, the U.S. Treasury Department issued the following update on calculating revenue in the State and Local Fiscal Recovery Fund reporting portal:
    2021-08-30
    Blog
    2021-09-07

Related Posts

Related Resources

More From