Treasury Releases Interim Report on CRF Costs by Category
August 27, 2020
This week, the U.S. Department of Treasury released an interim report of costs by category incurred by state and local Coronavirus Relief Fund (CRF) recipients through June 30, 2020. The new report compiles information provided by prime recipients on CRF spending categories like including payroll support, medical and public health expenses, and transfers to other governments. While the 10 categories used to track spending are broad, it does paint a clearer picture on the needs of counties than a report Treasury released earlier this month, which only shows the total amount of costs incurred by CRF recipients.
The state of California used nearly $1.8 billion, of the $9.5 billion it was allocated, of CRF funding on government-to-government transfers. This includes money given to counties who did not qualify to receive federal funds directly. These counties will be required to report their spending to the state by September 4. As the prime recipient the state will then submit their full report to the U.S. Department of Treasury.