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HEERF Programs: Use of Funds and Common Questions

On-Demand | Originally Broadcast June 14, 2021

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The Department of Education (ED) is administering all Higher Education Emergency Relief Fund allocations (HEERF I, II, and III) as the “HEERF Programs.”
During this free-for-members webcast, panelists will review general rules, focusing on allowable uses of funds and common accounting and reporting questions. They’ll delve into topics such as—
  • Eligible expenses
  • Indirect costs
  • Lost revenue estimates (including paying student account balances), related documentation, and entries
  • Revenue recognition
  • Possible timing differences between GAAP and cash draws from G5
  • Reporting (FASB, GASB, SEFA, ED)
Join this webcasts to hear the updates and have your HEERF questions answered by experts.

Finance Webcast

What You Will Learn

NACUBO’s professional development programs are designed to deliver the skills, concepts, and best practices for success to individuals in the business of higher education. After participating in this program, you will be able to—

  • Describe the differences between allowable and unallowable uses of funds
  • Explain timing differences between HEERF reporting and financial reporting
  • Tackle lost revenue estimates and documentation requirements

Who Should Attend

  • Budget Directors and Staff
  • Chief Financial Officers
  • Controllers and Business Officers

Meet The Presenters

  • Anita Kovacs, vice president for business affairs, Pensacola State College
  • Kelli Hudson Perry, assistant vice president for finance and controller, Rensselaer Polytechnic Institute
  • Sue Menditto, senior director, accounting policy, NACUBO

CPE Information

There are no CPEs offered for this event.

CPE credit is not available for On-Demand programs at this time.

NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website


Registration Assistance: 877.797.7698 or

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