Reports

Treasury management should finalize guidance concurrent with funds distribution in order to facilitate efficient administration of programs and minimize recipient confusion and misuse of funds.

Treasury management should document its analysis of the applicability of grant requirements under 2 Code of Federal Regulations (2 CFR) for each American Rescue Plan Act (ARP) program in its implementation plan as required by Office of Management and Budget Memorandum M-21-20 (OMB M-21-20).

Treasury management should apply the requirements of 2 Code of Federal Regulations (CFR) to Federal financial assistance funded through the American Rescue Plan Act (ARP) to the maximum extent authorized by law.

Treasury management should require signed agreements documenting standard terms and conditions before disbursing American Rescue Plan Act (ARP) funds to recipients.

Treasury management should conduct and document an information technology (IT) investment analysis as required by the Office of Management and Budget's (OMB) Memorandum M-21-20, and Circulars A-130 and A-11 before making the decision to implement the grants Quality Service Management Offices (QSMO) system, GrantSolutions, Salesforce, or another solution for the execution of American Rescue Plan Act (ARP) programs.

Treasury management should develop performance metrics to measure the effectiveness of American Rescue Plan Act (ARP) program funding in assisting with pandemic relief goals.

Treasury management should include recipient reporting requirements in written agreements to facilitate this process and ensure that needed information is collected quarterly.