If a Recipient has claimed $10,000,000 in Revenue Replacement under Key Inputs section of the reporting portal, does the Recipient need to claim the full $10,000,000 under any other section of the Compliance Reports?

Recipients likely do not need to claim the standard allowance outside of the Revenue Replacement Key Inputs section of the reporting portal.

Treasury’s Project and Expenditure User Guide states:

[R]ecipients had the option to make a one-time election to either calculate revenue loss according to the formula outlined in the final rule or elect a “Standard Allowance” of up to $10 million, not to exceed the award allocation, to spend on government services throughout the period of performance.[1]

In the Revenue Replacement Key Inputs section, recipients are asked if they are electing to use the standard allowance of up to $10 million, the amount up to $10 million being claimed, and a description of how revenue replacement funds were allocated to government services.[2] Guidance on writing the description can be found in the Project and Expenditure Report User Guide and in Treasury’s State and Local Fiscal Recovery Funds: Project and Expenditure Simplified Reporting webinar.[3]