5/9/22 Update: U.S. Treasury released an updated set of Final Rule FAQs on April 27, 2022, that helped clarify the program income reporting requirements. FAQ 13.11 stipulates that the addition method set forth in 2 C.F.R. 200.307(e)(2) applies to program … Continued

With the passage of the American Rescue Plan Act of 2021 (“ARPA”), almost all cities and counties in North Carolina received distributions of Coronavirus State and Local Fiscal Recovery Funds (“CSLFRF”) from the U.S. Department of the Treasury (“Treasury”) to … Continued