As part of the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) enacted on Dec. 27, 2020, the Department of Education (ED) provided an additional $21.2 billion to institutions of higher education (IHEs) to serve students and ensure learning continues during the COVID-19 pandemic. The Office of Postsecondary Education (OPE) released an outline of the second Higher Education Emergency Relief Fund (HEERF II) as well as helpful grant program FAQs, which Baker Tilly’s higher education specialists have reviewed and analyzed.
Colleges and universities should prepare now for HEERF II accounting, reporting and compliance.
This on-demand webinar discusses key considerations for institutions to adequately prepare for HEERF II and proactive approaches to ensure compliance with allowable expenditures. The presenters share lessons learned from a year of accounting and reporting for federal relief funding.