WebMar 1, 2024 · Recipients should note that SLFRF funds available under the “revenue loss” eligible use category generally may be used to meet the non-federal cost-share or matching requirements of other federal programs. ... if not all, of their ARP/CSLFRF as revenue replacement. The course will have three parts, including brief overview videos, a 1-day ... WebApr 11, 2024 · Restrictions on use of these funds can be found in the Federal Register at Federal Register CSLFRF.pdf. ... sewer, and broadband investments or above the amount allocated under the revenue loss provision. The successful applicant is responsible to ensure that all expenditures are eligible costs under the American Rescue Plan Act of …
How can a municipality use federal funds to cover lost revenue …
WebMay 17, 2024 · How should a municipality calculate revenue loss associated with reductions in state level funding? On January 6, 2024, the U.S. Department of the … WebThe rate used in the revenue loss calculation has been increased to 5.2% or the government’s compound rate of growth, whichever is greater. The Final Rule allows … philosophical etymology
The American Rescue Plan - Government Finance …
WebApr 27, 2024 · In January 2024, Treasury published the Final Rule for the CSLFRF, the methodology used to determine the allocation for state and local government recipients, ... including lost revenue (limited to … WebJan 11, 2024 · Bottom line, all state and local governments must be in compliance with the final rule beginning on April 1, 2024. 3. The final rule makes it easier for small cities and towns (NEUs) to spend in familiar ways. The most flexible spending category under the SLFRF grant program is “Replacement of Lost Revenue” for government services, which ... WebCSLFRF Eligible Use FAQs. General Questions ... In calculating revenue loss, recipients will look at general revenue in the aggregate, rather than on a source-by-source basis. … philosophical ethics pdf