On November 5, the U.S. Treasury Department released an updated Compliance and Reporting Guidance for the American Rescue Plan. The updates address feedback gathered by Treasury, verify reporting timeframes, and clarify reporting deadlines. Townships should expect to receive an email notification from the state Department of Community and Economic Development about the update.
The update again confirms that the annual Project and Expenditure Report for the ARP funds will be due on April 30, 2022, and will cover the period from when you received the funds through March 31, 2022.
In the “News” category, municipalities with populations of more than 50,000 should note that Treasury has changed the reporting requirements. The threshold for single reporting has changed. Only one annual report will now be required for populations of less than 250,000 and that received less than $10 million. It will be due on April 30, 2022, and will cover from when you received the funds until March 31, 2022.
In the “still waiting “category, Treasury indicated it will provide updated Reporting Guidance, a detailed user guide, and a webinar to assist with reporting prior to the April 2022 reporting cycle. Treasury also noted that it will provide further guidance for municipalities with less than 50,000 population, known as non-entitlement units (NEUs) in the future, including how to access Treasury’s portal for filing reports. Treasury previously indicated that NEUs would not use the ID.me platform.
Please note that Treasury has NOT yet released updated rules for the use of the ARP funds. Check the PSATS ARP page for the latest.