Reports
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Vermont Office of the State Auditor
S.350 Memo
Memorandum: There is desire to inject the CARES Act funding into the community as soon as possible. However, some aspects of this bill raise concerns about risk that deserve your consideration. Creating the program and appropriating $50 million before the Tax Department has established “a formula for determining the amount of grant awards” is a significant delegation of authority without any guidance.
Vermont Office of the State Auditor
Proposed Vermont Economic Injury Disaster Loan Program
Memorandum: The recently issued U.S. Treasury Coronavirus Relief Fund FAQ1 has implications for the Governor’s proposed Economic Injury Disaster Loan (EIDL) program. As proposed, the Vermont EIDL program to be administered by the Vermont Economic Development Authority (VEDA) establishes a perpetual revolving loan fund. However, the FAQ indicates that all loan repayments subsequent to December 30, 2020 must be returned to the U.S. Treasury.
California, San Jose Office of the City Auditor
Preliminary Review of Controls to Document COVID-19 Recovery Costs
We recommend that the City Council accept the City Auditor’s interim report on the status of internal controls for documenting COVID-19 related costs to support receipt of emergency public assistance grants through the Federal Emergency Management Agency (FEMA).
Peace Corps OIG
FY 2020 Annual Plan Revision
The Office of Inspector General's annual plan revision outlines changes to our FY 2020 Annual Plan due to the COVID-19 pandemic.
District of Columbia Office of the Auditor
COVID-19 Federal Funding Streams Available to the District of Columbia
To assist the Council of the District of Columbia in its oversight responsibilities during the Coronavirus public health emergency, the Office of the D.C. Auditor (ODCA) has compiled the following letter report, COVID-19 Federal Funding Streams Available to the District of Columbia, a summary of federal funding available to states and, in some cases, to cities, in recently enacted legislation including the following
Effect of COVID-19 on Local Government Revenues
This report provides the results of our analysis of how local government revenues will be affected by the economic downturn currently under way in Louisiana resulting from the COVID-19 pandemic and the reduction of oil prices. Specifically, this report provides estimates of how the current economic crisis will impact local government finances, particularly through sales and ad valorem tax collections, as well as mineral related revenues (i.e., severance taxes and mineral royalties).