Rapid Response Program Resource Series:
Registration Open for Sessions 2 and 3
Inclusiv invites you to register for the two remaining sessions of the RRP Resource Series focused on Rapid Response Program resources. A total of 244 Community Development Credit Unions (CDCUs) received over 400 million dollars in grant funding, most for the first time and at the maximum award.
Session 2:
Rapid Response Program: Transaction Level Reporting
Tuesday, October 19, 2021 at 2:00 PM ET
This session will recap the Financial Audits vs. Single A-133 Audits and provide additional information on transaction level reporting for the CDFI Fund.
Presenters:
Terry Ratigan Senior Consultant, Inclusiv |
Chriselle Martinez CDFI Program Director, Inclusiv |
To register for this webinar, click the link below:
https://us02web.zoom.us/webinar/register/WN_1ce4ohK9S-Smqyw-sy4Jpg
Session 3:
Rapid Response Program: Reporting Q&A Session
Tuesday, November 30, 2021 at 2:00 PM ET
This session will be an opportunity for credit unions to ask questions about Rapid Response Program reporting. More session details to come!
To register for this webinar, click the link below:
https://us02web.zoom.us/webinar/register/WN_qS6lU3doSK-a_5HJ7y6frg
Did you miss the first session on A-133 Audits?
Session 1: Financial Statement Audits vs. A-133 Audits
Click here for the session recording
Passcode: gzFA1t#L
We would like to encourage the takeaways on the presentation slides and reiterate the following:
For those CUs that received grants above $750K:
- Get to a CPA: If you already have CPA audits, make sure they can do Single Audits (and If you don’t have a CPA who can do Single Audits, get one lined up asap)
- Keep it simple: Expend the grant funds for loan capital or loan loss Reserves. The further you move away from this the more complicated it will get.
- Make a plan: Work with your CPA and audit team to create a plan and a timeline that will support the integration of the single audit