COVID Financial Management
The Next Steps in Tracking Economic Relief Funds
Learn more about CLA’s economic relief tracking tool.
The United States government has instituted multiple programs and pieces of legislation that are intended to provide economic relief to organizations impacted by COVID-19. These programs include the Paycheck Protection Program (PPP), Public Health and Social Services Emergency Fund (Provider Relief Fund), Economic Injury Disaster Loan (EIDL) program, and Main Street Lending program. As organizations attempt to understand the requirements and information the government will request in the future, they need to maintain detailed records of the funds they receive and be able to show that those funds were used to pay allowable expenses.
CLA’s economic relief tracking tool can serve as a guide to track the receipt and spending of various economic relief funds that organizations have received. By using a tool like this, organizations can track opportunities provided by Congress, and help mitigate future surprises.