On October 22, 2020, HRSA released a Reporting Requirements Policy Update related to provider relief fund (PRF) reporting requirements, which includes additional guidance related to the portion of distribution that could be applied towards lost revenues. The updated Post-Payment Notice of Reporting Requirements seeks to amend the previous reporting requirements released on September 19, 2020.
KEY DATES:
KEY GUIDELINES:
PRF funds are to be used in the following order:
PRF payments received in excess of $750,000 will require a Single Audit
KEY DATA ELEMENTS FOR REPORTING:
Expenses attributable to Coronavirus:
For recipients of over $500,000 in aggregate PRF payments, providers must provide a further expense breakdown that includes:
• Personnel
• Utilities
• Supplies
• Equipment (limited to related annual depreciation)
• Mortgage/rent
• …and other high-level expense categories
Lost revenues:
Other reimbursement assistance received in 2020 includes:
Basic organizational information:
Non-financial information: