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As a reminder, the December 31, 2024 deadline to obligate your American Rescue Plan Act (ARPA) State and Local Fiscal Recovery Funds (SLFRF) is fast approaching. Counties must ensure these funds are fully allocated and have contractual commitments in place before the end of this year.
To assist counties with meeting this requirement, NACo released a webinar today, December 18, providing detailed guidance on obligations, eligible uses, and reporting requirements.
Resources:
The NACo presentation highlights:
- What counts as an obligation: contracts, interagency agreements, subawards, and personnel costs incurred before December 31, 2024 (page 8 of slideshow).
- What does not count: adopted budgets, appropriations, and verbal or written intentions to contract (page 9 of slideshow)
Key Deadlines: (page 31 of slideshow)
- December 31, 2024: Obligation deadline for all ARPA SLFRF funds
- December 31, 2026: Deadline to expend all obligated funds.
Upcoming Reporting Deadlines to the U.S. Treasury (page 14 of slideshow):
- January 31, 2025 for quarterly reporters
- April 30, 2025 for annual reporters.
Counties that fail to meet these deadlines will be required to return any uncommitted funds to the U.S. Treasury (page 17 of slideshow). It is critical to ensure all obligations are in place and reported correctly to avoid this outcome.
We encourage counties to take full advantage of NACo’s resources and guidance as you work to meet this milestone.
If you have questions or need further assistance, please let us know.
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