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Calculating Eligible Expenses and Lost Revenue: Can recipients use 2020 budgeted revenues as a basis for reporting lost revenues?

Can recipients use 2020 budgeted revenues as a basis for reporting lost revenues?

Yes. When reporting use of Provider Relief Fund payments toward lost revenues attributable to coronavirus, Reporting Entities may use budgeted revenues if the budget(s) and associated documents covering calendar year 2020 were established and approved prior to March 27, 2020. To be considered an approved budget, the budget must have been ratified, certified, or adopted by the Reporting Entity’s financial executive, executive officer or other responsible representative as of that date, and the Reporting Entity will be required to attest that the budget was established and approved prior to March 27, 2020. Documents related to the budget, including the approval, must be maintained in accordance with the Terms and Conditions.

(Updated 7/1/2021)

Calculating Eligible Expenses and Lost Revenue
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