On June 11th , HHS released updated guidance on reporting requirements applicable to funds received under the CARES Act, the Paycheck Protection Program (PPP), the Health Care Enhancement Act and the Coronavirus Response and Relief Supplemental Appropriations Act. Click HERE to view the HHS summary of the requirements and click HERE to view detail of the June 11, 2021 guidelines.
Deadlines for use of funds follows. Please note that the is based on the time the payment was received either by direct deposit or the cashing of a check.
PERIOD PAYMENT RECEIVED PERIOD DEADLINE TO USE FUNDS
Period 1 April 10 to June 30, 2020 June 30, 2021
Period 2 July 1 to December 31, 2020 December 31, 2021
Period 3 January 1 to June 30, 2021 June 30, 2022
Period 4 July 1 to December 31, 2021 December 31, 2022
Reporting requirement for payments received exceeding $10,000 in the aggregate are as follows:
PERIOD PAYMENT RECEIVED PERIOD REPORTING TIME PERIOD
Period 1 April 10 to June 30, 2020 July 1 to September 30, 2021
Period 2 July 1 to December 31, 2020 January 1 to March 31, 2022
Period 3 January 1 to June 30, 2021 July 1 to September 30, 2022
Period 4 July 1 to December 31, 2021 January 1 to March 31, 2023
The HHS provide a portal at https://prfreporting.hrsa.gov/s/ to register for reporting which is the same as provided back on January 15, 2021. If you have not already done so you should immediately enter that portal, register for reporting and familiarize yourself with the site. Those of you with June 30 year ends should be most sensitive to this as it will be in your interest to file early in the 7-9/21 reporting period to avoid the busy closing, cost reporting, etc., later in that quarter.
Covid related revenues and lost revenues are again defined in the detailed June 11th Notice from HHS. Those of you who have completed the Act 24 reporting required by the Commonwealth of PA should have a good idea of the elements which will be required HHS.
If you have questions, you can contact Timothy Ziegler at timz@capozziadler.com or 717-233-4101.