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1 1 (March 1, 2022)

handle is hein.crs/govefiq0001 and id is 1 raw text is: Congressional aResearch Service ~ ~~ ~~inforrming the legislative debate since 1914___________________ CDBG-DR Expenditure Reporting and Status Designations: Updated Methodology March 1, 2022 In January 2022, the U.S. Department of Housing and Urban Development (HUD) published a new version of its monthly expenditure report on Community Development Block Grants for Disaster Recovery (CDBG-DR). The Monthly CDBG-DR Grants Financial Report provides a snapshot of grant amounts, unexpended balances, and spending status (on pace or slow spender). Prior to the January publication, HUD had postponed publication of monthly reporting on expenditure status since April 2020, citing potential effects of the COVID-19 pandemic on grantee administration and implementation of CDBG-DR projects. With the January report, HUD unveiled an updated methodology for designating grant spending status, with the intent to more accurately reflect State and local government long-term disaster recovery efforts. This Insight reviews CDBG-DR monthly financial reporting and expenditure status designations. It also describes HUD's recent methodological change for assessing expenditure status and concludes with some observations for congressional consideration. For more background information on CDBG-DR, see CRS Report R46475, The Community Development Block Grant's Disaster Recovery (CDBG-DR) Component: Background and Issues, by Joseph V. Jaroscak. CDBG-DR Financial Reports Under 2 C.F.R. @200, HUD is required to monitor and track grantee performance. HUD uses the monthly reports to track the status of individual grants based on the amount of funds expended and the rate of expenditure. The Monthly CDBG-DR Grants Financial Report currently includes data on six descriptive components and four analytical components. The descriptive data components are: 1. grantee name; 2. grant identification code; 3. grant award amount; 4. unexpended balance amount; 5. disaster year; and 6. grant age in months. Congressional Research Service https://crsreports.congress.gov IN11873 CRS INSIGHT Prepared for Members and Committees of Congress