FEMA Issues a Guide on Disaster Financial Management
The Federal Emergency Management Agency (FEMA) released the “Disaster Financial Management Guide” to support state, local, tribal and territorial jurisdictions in obtaining necessary resources to establish efficient disaster financial management practices. The Guide identifies foundational Skills and Capabilities that are essential in successful response to emergency situations. Furthermore, the document provides a list of key Disaster Financial Management Activities serving as a starting point in establishing independent practices.
The Guide includes recommendations for best practices in the following activities:
- Tracking, calculating, and justifying the costs of an emergency;
- Reimbursement reconciliation support;
- Avoiding deobligation of grant funding; and
- Effective prioritization and funding of recovery projects.
The Guide also presents an overview of common disaster assistance and recovery funding programs, including federal grant programs providing aid across jurisdictional boundaries. Additionally, FEMA published a Fact Sheet focusing on disaster financial management guide during the COVID-19 epidemic. Specifically, this document summarizes relevant financial management concepts and some of the Federal resources for disaster recovery, including the following COVID-19 Supplemental Funding laws:
- Coronavirus Aid, Relief and Economic Security (CARES) Act
- Coronavirus Preparedness and Response Supplemental Act
- Families First Response Act
For more information on related topics visit the HSDL Featured Topic on Pandemics and Epidemics or view other resources included in our new COVID-19 Special Collection. Please note that an HSDL login is required to view some of these resources.
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