State Controller Guidance
Effective Date: 06/12/2023
Approved by: Robert Jaros, CPA, MBA, JD, Colorado State Controller
US Department of Treasury SLFRF Final Rule FAQ 13.14
- Subaward data - Treasury is not collecting subaward data for projects categorized under Expenditure Category Group 6 “Revenue Replacement.”
- Rationale – Recipients’ use of revenue loss funds does not give rise to subrecipient relationships, given that there is no federal program or purpose to carry out in the case of the revenue loss portion of the award.
State of Colorado’s Approach for expenditure category group 6 – Revenue Replacement
- Compliance
- The State of Colorado will follow Uniform Guidance 2 CFR 200 with certain exceptions for reporting
- The State of Colorado will require subrecipients to follow Uniform Guidance with certain exceptions for reporting
- Rationale: Recipients use of revenue loss funds does give rise to subrecipient relationships because there is a State program or purpose to carry out in the case of the revenue loss portion of the federal award. For appropriate internal control over these funds, and to protect the State against potential fraud, waste, and abuse, the State requires compliance with the Uniform Guidance for expenditure category group 6 – revenue replacement.
- Agencies shall use the SLFRF Grant Agreement with subrecipients.
- Agencies shall use the SLFRF Contract for contractors.
- Agencies shall use the Federal Provisions for SLFRF for attachments to purchase orders with contractors and vendors.
- U.S. Treasury Reporting – The State will continue to collect data required to submit to the Treasury Portal for expenditure category 6:
- Project Name
- Recipient Project ID
- Adopted Budget
- Total Cumulative Obligations
- Total Cumulative Expenditures
- Current Period Obligations
- Current Period Expenditures
- Program Income Earned
- Program Income Expended
- Status to Completion
- Project Description
- Governor’s Office Reporting
- Project specific reporting