The State and Local Fiscal Recovery Funds (SLFRF) portal has three significant updates that recipients should be aware of as they get ready to file this April.
The portal is the mechanism that municipalities use to file either annual or quarterly reports on obligations and expenditures for their respective municipality.
This reporting cycle, the U.S. Department of Treasury has instituted three new pages that recipients will have to navigate through. The rest of the portal will be familiar to recipients.
Federal Audit Clearinghouse (FAC) and Alternative Compliance Examination Engagement (ACEE)
Beginning in Reporting Quarter 1, 2024, there will be new questions in the Certification Tab that will ask for information related to Federal Audit Clearinghouse (FAC) (the Single Audit) and ACEE (the alternative to the Single Audit). According to the Treasury, the information gathered from these questions will assist in determining the next steps forward and if additional information is required.
The Single Audit is a comprehensive audit that is triggered at $_______ of spending of federal funds in a fiscal year. The ACEE is triggered when a municipality spends more than $__________ in federal funds.
Here are what the options look like:
Here is an example of the ACEE where all the questions are answered yes. This is an example. Mark your answers accordingly.
Ready for Close Out
Beginning in Reporting Quarter 1, 2024, there will be a new question to determine if the recipient is ready for Close Out. This question has conditional requirements and will only be generated if the recipient’s expenditures are equal to the allocated amount. According to the Treasury Department, a response to this question is for informational purposes only, and based on the response, the recipient will receive additional guidance. Answering “Yes” to the question regarding ready for Close Out will still require continued reporting. This question is for informational purposes only.
Project Start and End Dates
Beginning in Reporting Period Q1 2024, there will be required fields for Project Start and End Dates that are conditionally required based on the ‘Status of Completion’ in the Project Overview section. According to the Treasury Department, if the project status is ‘Not Started,’ the dates are not required. If the project is ‘Completed less than 50%’ or ‘Completed 50% or more’, then only the Project Start Date is required. If the project is ‘Completed’, then both the Project Start Date and Project End Date are required.
We hope we have provided you with an overview of the changes in the portal this year. If you have any questions about the SLFRF program’s reporting requirements, please contact the Treasury by email at SLFRF@treasury.gov.
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