[CAFR-Contacts-News] NASACT Article on CARES Act

[HAMILTON Robert W * DAS]

Hello CAFR Contacts,

Today the National Association of State Auditors, Comptrollers, and Treasurers (NASACT) put together a write-up on the Coronavirus Aid, Relief and Economic Security (CARES) Act: https://www.nasact.org/article_content.asp?edition=3&section=5&article=123. Among the highlights is ARRA-style reporting will be required. The reference is Section 15011(b)(2) of the Act.

DHS/OHA requested an investigation of whether a state fund group would be needed for the COVID-19-related stimulus acts (there is more than one), as it was last used for ARRA Reporting, which prompted the question posed earlier (see attached email). To be clear, the state fund group would apply to these COVID-19 stimulus funds coming in (perhaps beyond the CARES Act), and is unrelated to the COVID-19 Project Number and Phase that have been recently established for statewide use.

As with everything pertaining to COVID-19, this is a fluid situation, so some items still need to be sorted out, but I wanted to keep everyone apprised of the latest information.

If you have any questions, please feel free to reach out.

Rob

Robert W. Hamilton, CPA
Statewide Accounting and Reporting Services Manager
Chief Financial Office
Department of Administrative Services
Cell Phone:  (503) 373-0299
http://www.oregon.gov/DAS/financial/acctng

Data Classification: Level 1 - Published

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <https://omls.oregon.gov/pipermail/cafr-contacts-news/attachments/20200330/c5b5d230/attachment.html>
-------------- next part --------------
An embedded message was scrubbed...
From: CHASE Stacey A * DAS via CAFR-Contacts-News
	<cafr-contacts-news at listsmart.osl.state.or.us>
Subject: [CAFR-Contacts-News] Feedback Requested: COVID-19 State Fund Group
Date: Mon, 30 Mar 2020 17:31:50 +0000
Size: 16989
URL: <https://omls.oregon.gov/pipermail/cafr-contacts-news/attachments/20200330/c5b5d230/attachment.mht>