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).
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
Vermont Office of the State Auditor
Office of the State Auditor’s Focus on COVID-19 Expenditures
Memorandum: Auditor Office has begun to examine the State's distribution and spending of more than $1.3 billion of federal funding that has been or is expected to be received via the federal pandemic response/stimulus acts – including the CARES Act.
Vermont Office of the State Auditor
Risk Alert – State Governmental Entities Seeking Small Business Administration Payroll Protection Program Loans
Memorandum: The state recognized that some sheriff departments sought and received loans through SBA. Other state governmental entities may have also received PPP loans or may be considering applying for them.