2024 2026 Accountability Definition 
Death and Taxes
OCTOBER 21, 2022
Accounting and financial reporting guidance for American Rescue Plan monies seems to be a never-ending soap opera with constant twists and turns. ARP funds meet the definition of government-mandated nonexchange transactions as defined in GASB Statement No. 33, Accounting and Financial Reporting for Nonexchange Transaction s.
Center for Community Progress
DECEMBER 18, 2023
The Final Rule will take effect on April 1, 2024, with staggered bank compliance dates beginning in 2026. This latest Rule , issued November 20 and taking effect immediately, amends Treasury’s definition of “obligation” for purposes of ARPA SLFRF compliance. At award closeout: A report of the final amount spent on these costs.
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