FEMA will be implementing a new process to award Public Assistance and Hazard Mitigation Grant Program project funds to grantees for disasters declared after March 1, 2015. After this change is initiated in the financial management system, grantees will be able to see project-by-project obligations and disbursements. Grantees will also be required to request and draw down funding by project.
Benefits of this new disaster grant obligations process include enhanced controls for both FEMA and grantees, simplification of data analytics and a streamlined reporting process. This enhancement to the system will assist grantees in tracking funds on a project-by-project basis. It will also allow FEMA to better understand which funds are being drawn down and for which purposes. This will allow a more transparent platform for tracking funds, required quarterly reporting and audit purposes.
This new process will not be applied retroactively to prior disasters. Previously, FEMA obligates Public Assistance and Hazard Mitigation Grant Program funds into a single large account where grantees can draw down funds from. Disasters declared before March 1, 2015 will not be affected by this new change and will continue to operate as they always have in a lump sum format.
A webinar will be held on February 25 at 1 p.m. ET to provide an overview of the system enhancement as well as training on how to use the new interface and draw down project funding. Participants can join the webinar via Adobe Connect or by dialing 1-800-320-4330 and entering 455513 for the conference PIN.