Best Practices in Obligating Coronavirus State and Local Fiscal Recovery Funds

Overview

Obligating Coronavirus State and Local Fiscal Recovery Funds (SLFRF) by December 31, 2024 is essential to ensure a recipient does not have to return funds to the Treasury. There are a number of requirements to properly obligate SLFRF funds and opportunities to make changes to projects after the obligation deadline. In this course, we will define what an obligation is under SLFRF, review guidance from the Treasury, learn how to meet the SLFRF obligation deadline in multiple areas, and identify when changes can be made to estimates, contracts, and subawards after the obligation deadline.

Highlights

• Finance
• IFR
• SLFRF
• Yellowbook

Prerequisites

None

Designed For

Accounting Professionals

Objectives

• Recall the definition per the obligation IFR and the SLFRF FAQs, Section 17
• Identify how recipients can meet the SLFRF obligation deadline
• Recognize when a change can be made to a project after the obligation deadline

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by ACPEN. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.