WebRevenue Loss The Final Rule states that a municipality may use payments from CSLFRF to provide “government services to the extent of revenue loss due to the pandemic.” [16] Treasury measures reduction in revenue as “relative to revenues collected in the most recent full fiscal year of the government prior to the emergency.” WebJan 11, 2024 · Bottom line, all state and local governments must be in compliance with the final rule beginning on April 1, 2024. 3. The final rule makes it easier for small cities and towns (NEUs) to spend in familiar ways. The most flexible spending category under the SLFRF grant program is “Replacement of Lost Revenue” for government services, which ...
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WebMay 10, 2024 · These funds represent an historic investment in Indian Country and provide a substantial infusion of resources to Fight the pandemic and support households and businesses in Indian Country struggling with its economic impacts Maintain vital public services, even amid declines in revenue for Tribal governments resulting from the … WebSep 1, 2024 · A local government may expend its ARP/CSLFRF allocation, up to a maximum of $10 million, in the revenue replacement category even if it did not experience any revenue loss due to the pandemic. (See blog post on the standard allowance.) Local governments with a total ARP/CSLFRF allocation over $10 million may spend more than … how does icing help inflammation
How can a municipality use federal funds to cover lost revenue …
WebMar 21, 2024 · Recipients have a choice between two options to determine their amount of revenue loss. Once the choice is made, recipients cannot switch between these approaches. [4] ... convenient way to determine revenue loss, particularly for CSLFRF’s smallest recipients. All recipients may elect to use this standard allowance instead of … WebJun 3, 2024 · Compliance Checklist for Using Revenue Replacement ARP/CSLFRF to Fund Salaries and Benefits. The following serves as a checklist of compliance requirements to expend ARP/CSLFRF funds to supplant salaries and benefits: STEP 1: SET UP BASIC FINANCIAL ADMINISTRATION AND INTERNAL CONTROL PROVISIONS. Financial … WebMay 17, 2024 · How should a municipality calculate revenue loss associated with reductions in state level funding? On January 6, 2024, the U.S. Department of the … how does ichigo have orange hair