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September 4, 2020 White Paper 15 min read

Accounting and reporting requirements for COVID-19-related federal funding are constantly changing for higher education institutions, raising many questions. Our resource-rich guide provides answers for PPP, CARES Act, HEERF, 18004(a)(1) grants, and more.

View of an empty parking lot with business buildings nearby.Rules and regulations around COVID-19-related funding are continually changing the accounting and reporting landscape for higher education institutions. To help you navigate the current environment and the months ahead, we’ve packaged a resource-rich guide for higher ed institutions.

Higher education: COVID-19/CARES Act guidance includes commonly asked questions and key guidance on the Families First Coronavirus Response and CARES Acts federal funding and impacts including:

  • FICA
  • HEERF: - Student and Institutional
  • CRF & PRF funds
  • PPP
  • Reporting:
    • Department of Education
    • Financial Statement Treatment
    • Single Audit Treatment

Drawing on our team’s deep expertise and the firm’s 50-plus years of serving public universities, private colleges, community colleges, and related foundations, the Higher education: COVID-19/CARES Act guidance also includes important links and resources for further information. Let us know if you have questions.

Download the guidebook