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AS OF JUNE 24, 2021 <br />16 <br /> <br />Recipients should use their own data sources to calculate general revenue, and do not <br />need to rely on published revenue data from the Census Bureau. Treasury acknowledges <br />that due to differences in timing, data sources, and definitions, recipients’ self-reported <br />general revenue figures may differ somewhat from those published by the Census <br />Bureau. <br /> <br />3.12. Should recipients calculate revenue loss on a cash basis or an accrual basis? [6/8] <br /> <br />Recipients may provide data on a cash, accrual, or modified accrual basis, provided that <br />recipients are consistent in their choice of methodology throughout the covered period <br />and until reporting is no longer required. <br /> <br />3.13. In identifying intergovernmental revenue for the purpose of calculating General <br />Revenue, should recipients exclude all federal funding, or just federal funding <br />related to the COVID-19 response? How should local governments treat federal <br />funds that are passed through states or other entities, or federal funds that are <br />intermingled with other funds? [6/23] <br /> <br />In calculating General Revenue, recipients should exclude all intergovernmental transfers <br />from the federal government. This includes, but is not limited to, federal transfers made <br />via a state to a locality pursuant to the Coronavirus Relief Fund or Fiscal Recovery <br />Funds. To the extent federal funds are passed through states or other entities or <br />intermingled with other funds, recipients should attempt to identify and exclude the <br />federal portion of those funds from the calculation of General Revenue on a best-efforts <br />basis. <br /> <br /> <br />4. Eligible Uses – General <br /> <br />4.1. May recipients use funds to replenish a budget stabilization fund, rainy day fund, or <br />similar reserve account? <br /> <br />No. Funds made available to respond to the public health emergency and its negative <br />economic impacts are intended to help meet pandemic response needs and provide <br />immediate stabilization for households and businesses. Contributions to rainy day funds <br />and similar reserves funds would not address these needs or respond to the COVID-19 <br />public health emergency, but would rather be savings for future spending needs. <br />Similarly, funds made available for the provision of governmental services (to the extent <br />of reduction in revenue) are intended to support direct provision of services to citizens. <br />Contributions to rainy day funds are not considered provision of government services, <br />since such expenses do not directly relate to the provision of government services. <br /> <br />4.2. May recipients use funds to invest in infrastructure other than water, sewer, and <br />broadband projects (e.g. roads, public facilities)? <br />