American Rescue Plan Act
Avoid Government Clawback
Did you know that American Rescue Plan Act (ARPA) State & Local Fiscal Recovery Funds (SLFRF) must be 100% obligated by December 31, 2024?
Obligation: According to the U.S. Treasury S35.3, is an order placed for property and services and entering into contracts, sub-awards, and similar transactions that require payment.
This means local governments must budget all received ARPA funds AND must enter into a service agreement, contract, or purchase order by the end of 2024 or the “unobligated” funds will be returned to the U.S. Treasury.
GrantWorks’ expertise in federal program management and compliance offers substantial benefits in navigating complex matters and gaining access to essential technical support.
Our ARPA Experts Provide You:
- Free Consultation
- Program Audit Analysis Tools
- Close-out Checklists
- Reporting Assistance
- Expert Compliance Guidance
- Project Management Software Tool
There's No Time To Waste
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December 31, 2024
The deadline to obligate all ARPA SLFRF funds is December 31st, or they will be returned to the U.S. Treasury. All funds must be expended by the end of 2026, so there's still time to get in compliance. -
Free Consultation
GrantWorks' ARPA experts are here to help you! Let us provide a free consultation to determine your needs and provide tools, templates, documents, and guidance for a path to compliance, and ultimately success. -
New ARPA Guidance
Updated Treasury guidance offers increased flexibility and new eligible project types. Let us help you find creative ways to use your ARPA funds that will greatly benefit your community.
ARPA Obligation Management Tools
GrantWorks’ Obligation Management Tools (OMT) service offering is designed to assist ARPA recipients that to date have obligated 33% or less of their total ARPA allocation. We understand you have specific obstacles – Our ARPA Team leverages its experience and resources to support your ARPA program to meet SLFRF obligation and expenditure deadlines. Our OMT work plan encompasses four stages: Discovery, Design/Initiation, Implementation, and Close-Out.
Discovery: Supporting Successful Program & Project Deliveries
Working with you, we will develop and implement strategic designs, stakeholder network workflows, and risk prioritization measures
Design/Initiation: Tailored Tools & Processes for Success
Our aim is to standardize your ARPA program, minimize compliance risks, and streamline reporting processes.
Implementation: Achieving Compliance & Minimizing Corrective Actions
Each project within your portfolio will receive specialized 1-on-1 attention, ensuring the installation of the best federal grant monitoring practices.
Close-Out: Facilitating a Smooth Audit & Close-Out Process
Our goal is to provide you with a well-documented and transparent process that ensures compliance with auditing standards while effectively managing and accounting for the utilization of ARPA funds.
American Rescue Plan Act (ARPA)
The American Rescue Plan Act (ARPA) is a funding program administered by the Department of Treasury to provide fast and direct economic assistance for American workers, families, small businesses, and industries. It continues many of the programs started by the CARES Act (2020) and Consolidated Appropriations Act (2021) by adding new phases, new allocations, and new guidance to address continuing pandemic-related crises, and fund recovery efforts in response to the COVID-19 pandemic.
State and Local Fiscal Recovery Funds (SLFRF)
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Program Overview
The Coronavirus SLFRF provides $350 billion to support response to and recovery from the COVID-19 public health emergency to build a strong, resilient, and equitable recovery by making investments that support long-term growth and opportunity. Funds are allocated by Entity Type.
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Program Purpose
- Fight the pandemic and support families and businesses struggling with its public health and economic impacts
- Maintain vital public services, even amid declines in revenue resulting from the crisis
- Build a strong, resilient, and equitable recovery by making investments that support long-term growth and opportunity
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Eligibility
Any State, Territory, Metropolitan City, County, or Tribal government that identifies a lack of access to reliable, affordable, high-speed broadband services.
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Timeline
- March 3, 2021 – Cost incurred/Funding start date
- December 31, 2024 – Complete allocation of funds
- December 31, 2026 – Complete expenditure of funds
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Useful Links
