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“Your Friends that Count” is an informative, consumer-focused accounting blog by the Certified Public Accounting team at John Kasperek Co., Inc.
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Navigating SLFRF and ARPA

arpaMany Americans have applied for and received federal fiscal recovery aid from the State & Local Fiscal Recovery Fund (SLFRF) through the American Rescue Plan (ARPA).  To better serve our clients, the John Kasperek Co., Inc. (JKC) team has created a checklist in response to our frequently asked questions and to provide helpful reminders to assist individuals with successfully navigating ARPA.

ELIGIBLE USE OF SLFRF FUNDS:

  • COVID-19 mitigation and prevention programs.
  • Replacing public sector revenue loss.
  • Environmental remediation.
  • Rehire government staff.
  • Police, Fire, and other public safety staff and services.
  • School and educational services, as well as assistance to high-poverty school districts to advance equitable funding.
  • Home visiting programs for families with young children.
  • Housing services.
  • Modernization of cybersecurity, including hardware, software, and protection of critical infrastructure.
  • Full payroll and covered benefits costs for employees, operating benefits, or divisions primarily dedicated to the COVID-19 response.
  • Administrative costs for reporting on the ARPA funding, including consulting costs for effective management and oversight to ensure compliance with legal, regulatory, and other federal and state requirements.

INELIGIBLE USE OF SLFRF FUNDS:

  • Deposits to “rainy day funds” or financial reserves.
  • Deposits into defined benefit pension funds- However, funds may be used for routine payroll contributions to pensions of employees whose wages are an eligible use.
  • Debt Service- Funds cannot be used to pay debt service for any obligation incurred prior to March 3, 2021.
  • Legal settlements or judgements.
  • Obligations, interest, or principal related to debt or borrowed money.
  • General infrastructure spending is not covered as an eligible use of funds outside of water sewer and broadband investments or above the amount allocated under the revenue loss provision.
  • Non-Federal match for federal programs - cannot use for programs whose statute or regulation bar the use of Federal funds to meet the matching requirement (in-kind match).

The information provided is only intended as a helpful reference guide of some possible uses and is not a complete list. We recommend you reference your legal department and administration in order to determine the best plan to utilize funding for your unique organization.

IMPORTANT DEADLINES:

October 31, 2021:      1st Project & Expenditure Report
October 31, 2022:      2nd Project & Expenditure Report
October 31, 2023:      3rd Project & Expenditure Report
October 31, 2024:      4th Project & Expenditure Report
December 31, 2024:   Incur or Obligate Funds
October 31, 2025:      5th Project & Expenditure Report
October 31, 2026:      6th Project & Expenditure Report
December 31, 2026:   Expend Funds/End of Performance Period
October 31, 2027:      7th Project & Expenditure Report

If you have not yet applied and are interested, or if you have specific projects that you would like to have funded, please contact JKC’s Grants Research Specialist Elizabeth Scott for a free consultation at This email address is being protected from spambots. You need JavaScript enabled to view it.  

 

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