Treasury management finalize guidance concurrent with funds distribution in order to facilitate efficient administration of programs and minimize recipient confusion and misuse of funds.
2-1 - Open
Treasury management (1) document its analysis of the applicability of grant requirements under 2 CFR for each ARP program in its implementation plan as required by OMB M-21-20.
2-2 - Open
Apply the requirements of 2 CFR to Federal financial assistance funded through the ARP to the maximum extent authorized by law.
2-3 - Open
Require signed agreements documenting standard terms and conditions before disbursing ARP funds to recipients.
3-1 - Open
Treasury management conduct and document an IT investment analysis as required by OMB’s M-21-20, A-130, and A-11 before making the decision to implement the grants QSMO system, GrantSolutions, Salesforce, or another solution for the execution of ARP programs.
4-1 - Open
Develop performance metrics to measure the effectiveness of ARP program funding in assisting with pandemic relief goals.
4-2 - Open
Include recipient reporting requirements in written agreements to facilitate this process and ensure that needed information is collected quarterly.
Department of the Treasury (Treasury) management should review payments issued under the Payroll Support Program (PSP1) to ensure awarded amounts are allowable per the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and Treasury guidance.
1-2 - Open
Department of the Treasury (Treasury) management should remedy the incorrect amounts awarded under the Payroll Support Program (PSP1).
Treasury management should support our office in accomplishing our monitoring and oversight responsibilities in the following ways: (1) assist in communications with Coronavirus Relief Fund recipients on matters that include, but are not limited to, communications of reporting and record keeping requirements and other audit inquiries, as needed; (2) ensure that Treasury maintains communication channels with recipients to obtain and address post-payment inquiries regarding specific payments; and (3) continue to update Coronavirus Relief Fund guidance and disseminate to recipients as needed.