Auditor General provides update on state’s federally funded Covid-19 expenditures in Fiscal 2020
STATE HOUSE – More than $1.5 billion was expended by the State of Rhode Island in fiscal 2020 from various federal COVID-19 related federal assistance programs. The largest category of assistance was unemployment insurance programs - federal CARES Act funded unemployment benefits totaled more than $1 billion for fiscal 2020. The State received $1.25 billion under the Coronavirus Relief Fund (CRF) and expended approximately $267 million in the year ended June 30, 2020. The largest categories of CRF outlay were for qualifying public health and public safety expenditures and the Hospital Assistance Partnership Program.
Summary information has been compiled by the Office of the Auditor General and included in an OAG-update communication with the intent of providing a highly summarized snapshot of expenditures of federal assistance received to address various aspects of the COVID-19 pandemic. The summary does not include federal assistance made directly to individuals, businesses (e.g., Payroll Protection Program loans), universities, colleges, or hospitals.
The auditors note that their audit of the State’s financial statements is ongoing as well as the compliance audit of expenditures of federal awards (collectively known as the “Single Audit”). Accordingly, these expenditures, which are compiled from the State’s accounting records, are unaudited pending completion of the audit. The amounts included in the OAG-update reflect fiscal 2020 data as of January 13, 2021.
For more information, contact:
Dennis E. Hoyle, CPA, Auditor General
Office of the Auditor General
Providence, RI 02903
401.222.2435 ext. 3038