You received the grant– now the real work begins. With heavy scrutiny over the financial assistance provided through programs like the CARES Act and ARPA, it’s more important than ever to know your next steps: how to properly account for those grants. The recovery of your organization may depend on it.
On June 17, 2021, the U.S. Treasury released the Compliance and Reporting Guidance for the State and Local Fiscal Recovery Fund Program, which provides clarification for the recipient’s compliance and reporting responsibilities. We are working to ensure you are ready to meet these expectations through the articles in this series – keep checking back for fresh articles.
Holistic Audit Readiness – Avoid Findings & Be Prepared
This all requires work upfront, but it’s far easier to do that work proactively rather than in response to an audit. Our comprehensive whitepaper delves into the best practices and preemptive planning you can utilize to ensure compliance every step of the way. Learn more about common findings, revenue and expenditure recognition, SEFA development, compliance requirements including resource limitations, internal controls, documentation, and more.
From expert commentary on emerging trends in the State and Local Government sector to real-world anecdotes from the frontlines, MGO thought leaders offer unique, candid insights on a wide range of topics.
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