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GAO-24-106753 1 (2023-10-11)

handle is hein.gao/gaopgu0001 and id is 1 raw text is: Why This Matters Key Takeaways How much in SLFRF awards did states and localities receive? The Coronavirus State and Local Fiscal Recovery Funds (SLFRF), established under the American Rescue Plan Act of 2021 (ARPA) and administered by the Department of the Treasury, allocated $350 billion to tribal governments, states, the District of Columbia, local governments, and U.S. territories to help cover a broad range of costs stemming from the health and economic effects of the COVID-19 pandemic.1 SLFRF recipients must regularly submit reports to Treasury on their use of the awards and the projects undertaken with them.2 The CARES Act includes a provision for us to monitor the use of federal funds to respond to the COVID-19 pandemic.3 We were also asked to review Treasury's administration of the SLFRF program. This report examines the SLFRF funding states (including the District of Columbia) and localities are required to report to Treasury and Treasury's actions when states or localities do not submit the required reporting.4 As of March 31, 2023-the most recent data available at the time of this report-states reported obligating 60 percent ($118.3 billion) and spending 45 percent ($88.2 billion) of the SLFRF awards they received. Localities reported obligating 54 percent ($67.5 billion) and spending 38 percent ($47.9 billion) of their awards during the same period.5 The states and localities reported spending the largest amount of their awards to replace revenue lost due to the pandemic. Specifically, as of March 31, 2023, 45 percent ($39.5 billion) of states' reported spending and 68 percent ($32.4 billion) of localities' reported spending was used for this purpose. Approximately 14 percent of localities did not report to Treasury on their uses of SLFRF awards through March 31, 2023, as required. Treasury officials told us they have taken initial steps to address recipient non-compliance with reporting requirements. As a result of our analysis, Treasury updated its public web postings and disclosed that SLFRF spending data do not include information from all recipients that were required to submit a report. Under ARPA, the SLFRF allocated $350 billion across six groups of recipients (see fig. 1). Localities included counties, metropolitan cities (which we refer to as cities throughout this report), and smaller local governments-those typically serving populations of less than 50,000-referred to as non-entitlement units of local government (NEU).6 Page 1 GAO-24-1 06753 Fiscal Recovery Funds Page 1 GAO-24-106753 Fiscal Recovery Funds

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