If funds received through an ISA with DCAM, will it be clearly stated on the ISA that theses funds are ARRA funds and should be treated as such?
A. Yes, the ISA is a contract and must clearly state the purpose and funding source available. As the seller and a state department of the Commonwealth, seller departments have the obligation to confirm source of any funding received and comply with all applicable laws, regulations and policies. For ARRA purposes you would continue to be defined as a recipient of federal funds with all tracking and reporting requirements intact.
Related Questions
- If funds received through an ISA with DCAM, will it be clearly stated on the ISA that theses funds are ARRA funds and should be treated as such?
- We received ARRA funds to purchase health equipment. How do we account for "jobs created or preserved"?
- How is interest received in an ISA treated for tax purposes?
