EMERGENCY COVID-19 RESPONSE FIRST, BUT TRACK & DOCUMENT COSTS
CONSISTENT COST
TRACKING AND DOCUMENTATION OF COVID-19 RESPONSE COSTS WILL MAKE A REIMBURSEMENT
DIFFERENCE
Emergency responses and urgent public health responses are
critical priorities. However, financial disaster recovery from the Covid-19
Pandemic response actions will become an essential budget issue in light of
reducing tax revenues and increased demand for services.
Accounting Considerations -Tracking and
Managing Coronavirus Recovery Costs
Recognizing the logistical and bureaucratic challenges this unprecedented response effort will bring, FEMA is actively working to develop a simplified application and funding process.
Your experience with the FEMA Public Assistance Covid-19 Simplified Grant Process will be materially less administratively painful with smoother quicker reimbursement of costs, IF YOU
-
Accurately track and document all COVID-19 response expenditures
-
Consistently use activity/cost codes for COVD19 on all purchases of material, labor, supplies, contracts, services, and equipment that are directly related to responding to the COVID-19 pandemic.
-
ADD NEW COST CODES for operations accounting for payroll, materials/supplies, contracts, and purchasing order protocols regardless of the supporting technology, even if you must use Excel spreadsheets
FEMA Public Assistance program is a REIMBURSEMENT program.
Applicants for Public Assistance MUST TAKE IMMEDIATE
PROACTIVE ACCOUNTING MEASURES
To help you proactively navigate the complex FEMA programs
and track eligible costs incurred, the information available here is provided as
a PUBLIC SERVICE so that you and your teams can better track Covid-19
disaster-related costs for financial recovery.
The current FEMA PA Policy & Procedures Guide provides information on emergency work for traditional natural disasters.
FEMA HQ will most likely provide Covid-19 Disaster Specific Guidance in near future