Relief Funding Assistance
Baker Tilly will work with you to identify available funding sources for remuneration (e.g., extraordinary expenditures, one-time infrastructure expenditures, business interruption and lost revenue) and help you navigate the eligibility and application requirements. Specifically, Baker Tilly will review:
Additionally, we can provide assistance with establishing mechanisms for tracking, analyzing and reporting COVID-19-related expenditures and reimbursements.
You will have confidence that your policies, procedures, internal controls and compliance angles are addressed so you can apply for these awards with confidence. Now is the time to prepare, and we are here to help.
Gathering and documenting information for compliance – To assist with compliance of new or existing federal, state and local awards, Baker Tilly can:
Strategies to maximize recovery and maintain compliance: reviewing expense tracking and documentation for award management – Baker Tilly can perform an evaluation and assessment of your organization’s expense tracking system for costs incurred in connection with COVID-19, and ensure appropriate documentation exists to meet applicable requirements. We can also ensure that expenses are appropriately tracked and accounted for under each applicable program, allowing for maximum cost recovery.
Other areas of compliance – In addition to eligible expense tracking, we will help you prepare for compliance with various other federal award requirements such as procurement, cash management and reporting. Drawing on our experience with performing federal award audits under the Uniform Guidance, we can help you prepare for the compliance audits that will follow these awards.
In addition to grant monitoring and disaster management compliance services, Baker Tilly’s team of specialists provides a myriad of services relative to accounting, consulting and financial analysis in times of disaster recovery and business interruption. Our approach to the quantification of economic damages and financial review integrates accounting, economic and finance principles.