Reminder: Quarterly Reports Delayed on PPP/HHS Funds

If you received PPP funds or HHS Relief Funds in excess of $150,000 (per TIN), you are required to file a quarterly report to HHS. The initial quarterly reports would have been due by July 10, 2020. However, HHS delayed the quarterly reporting requirement.

HHS stated it is still working on a report containing all the necessary information required to comply with the reporting requirements. HHS will notify providers that attested to the funds of due dates and reports needed in a few weeks.

As a reminder, information is changing daily, and we do our best to keep articles current. We encourage everyone to subscribe to our newsletters for updates.

Overview

• If any TIN receives more than $150,000 in the aggregate from both the Relief Funds and any other stature authorizing funds due to COVID-19 (ex: PPP loans), the entity must submit quarterly reports to HHS and the Pandemic Response Accountability Committee.

Where and how to submit the report

• HHS will be releasing a portal in the near future. For information on the type of documentation, additional guidance can be found here https://www.hhs.gov./provider-relief/index.html

What information is needed

• The total amount of funds received that were expended
• List of activities for which covered funds
• Estimated number of jobs retained
• New projects created as a result of receiving the funds

The information requested is likely to change once HHS releases its updated guidance.

Going forward

• Continue to check the HHS website weekly for updated guidance and subscribe to our newsletters for updates.

Sources: HHS Gov