Insights
NEW Guidance on ARP from Treasury
Insights
NEW Guidance on ARP from Treasury
Last year, CARES Act Relief Fund Guidance and FAQ updates from Treasury were constant and unpredictable. It’s highly likely the American Rescue Plan’s Fiscal Recovery Fund will be the same. From the first set of Guidance, I felt clear on the intent of the funding for CARES Act Relief Fund.
Some Tribes worked with advisors that gave interpretations (that weren’t exactly interpretations). I’ll be using my professional experiences as an auditor, a CPA, and Tribal CFO to again provide insightful answers for the questions Tribes have on the Fiscal Recovery Fund. I’ll be having conversations about the opportunities, the clues, and the risks associated with the tough decisions you need to make.
As a Tribal Leader, do you have someone in your corner to support your decision making? This is ONCE IN A GENERATION funding.
Here’s three questions to consider:
How will you answer your citizens’ questions about this funding?
How will you answer your grandchildren’s questions about this funding?
How will you answer auditor’s questions about this funding?
Make sure you are clear on the Guidance, FAQs, and procedures being issued by Treasury.
Treasury just posted information on what Tribes should be doing right now in the “Pre-Award” stage.
Here’s the link to Treasury’s Fiscal Recovery Fund site to keep yourself informed: Treasury’s Fiscal Recovery Fund
As a bonus, here’s the link to the Coronavirus Capital Projects Fund website….more info soon: Coronavirus Capital Projects Fund
Prayers for the health and safety of you and your People.
Wado!
