CARES Act - Coronavirus Relief Fund (CRF) Additional Guidance

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CARES Act – Coronavirus Relief Fund (CRF) Additional Guidance
June 30 Year End Governments
8/18/20

Introduction
June 30 year end governments have additional accounting complexities related to the CARES funding since the eligibility period for expenditures is March 1 through September 1 for Phase I Georgia funding, and therefore, crosses fiscal years. Due to these grant terms, it is possible that these governments will have some expenditures that were incurred before June 30 and some that occurred after June 30 that are eligible for reimbursement. Click here to continue reading.