Government Impact - Q2, 2022

After years of federal spending reductions and tax revenue constraints, state and local governments are now dealing with an issue few would have expected at the beginning of the pandemic: Having enough people and the right systems to manage an influx of money from the federal government.

The many programs set up by the federal government, and state and local entities, to provide relief to people and businesses amid the COVID-19 pandemic have been the targets of an overwhelming amount of fraud attempts. In this Q&A, members of CohnReznick’s Government team talk about this fraud and what steps recipients can take to protect their funding.

CohnReznick’s Government team talks about potential changes to the FEMA Public Assistance Program and how these changes might positively or negatively affect recipients and subrecipients.

Experts are again predicting an above average frequency of storms for the 2022 Hurricane Season. Is your entity prepared? Read on for best practices to help state and local governments speed response and recovery efforts this hurricane season.

A strategy for maintaining financial integrity for state and local infrastructure modernization projects, while capitalizing on the right mix of funding sources, starts with three key steps.

To help state and local governments prepare for and maximize their infrastructure opportunity, CohnReznick has assembled an infrastructure team comprised of experienced infrastructure, grant and program management, financial and operational compliance, and technology and data professionals.

Federal Market

National Credit Union Administration – The firm was awarded a Cybersecurity Consulting Services contract with National Credit Union Administration (NCUA) to provide a gap analysis of the NCUA IT environment against the Executive Order (EO) 14028 on Improving the Nation’s Cybersecurity.

Audit and Accounting / Compliance, Monitoring, and Oversight

Texas Water Development Board – CohnReznick performed AUP/financial consulting services for the Texas Water Development Board under its CFO to GO program.

Emergency Management

Port of Houston – Since 2020, CohnReznick has been assisting the Port of Houston in securing work-in-kind credits from the U.S. Army Corps of Engineers on two of its most high-profile projects: the Houston Galveston Navigation Channel and the Houston Ship Channel Expansion Channel Improvement.