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

UPDATE: In April 2022, Treasury published updated audit requirements for APRA funds for some local governments. Units that have federal single audit expenditures that meet or exceed $750,000 only because of ARP expenditures may opt to have a Compliance Examination … Continued