Insurance & Federal Claims Services

What EY can do for you

COVID-19 Grant Closeout

Closeout is the final step in completing the FEMA public assistance grant process. It takes place once grant-funded work is finished and involves reconciling all documentation for actual amounts incurred to the federal grant closeout worksheet to confirm compliance. If documentation is incomplete, funds may be deobligated.

Our grants management teams are knowledgeable in the FEMA closeout process and how to mitigate risk throughout the grant cycle. Our core competencies of forensic accounting, financial oversight and complex compliance analysis, along with our deep knowledge of federal grant programs, enable us to assist grant recipients with successful grant closeouts.

With decades of experience, our Insurance & Federal Claims Services teams understand the multiple funding options available to prepare for and recover from disasters. We help corporations, governments, communities and nonprofits navigate challenges to recover fully and comply with applicable rules and regulations.

We have successfully assisted in recovering more than $35b in funding through commercial insurance and federal disaster programs for our clients and their communities. This includes working on virtually every major disaster over the past 20 years.

Our teams guide clients in preparing for, responding to and recovering from losses through the following services:

• Commercial insurance claims, including property damage and business interruption insurance claims, extra expense, contingent time element, cyber, product recall, builder’s risk, special event and liability

• Federal disaster grant reimbursement for recipients and subrecipients, including financial documentation support, procurement assistance, risk assessments, strategic funding, grant formulation, mitigation applications, reporting, monitoring, grant closeout, appeals and audits

• We are well-versed in all of the major US federal disaster grant programs, including FEMA’s Public Assistance program, FEMA’s Hazard Mitigation Grant Program, Federal Highway Administration grants, HUD Community Development Block Grant (CDBG) Disaster Recovery, CDBG Mitigation, USDE RESTART grants, FEMA’s Urban Areas Security Initiative
  
• Multinational disaster funding coordination assistance
• Pre-disaster mitigation, trainings and exercises
• Emergency Operations Center (EOC) activations support

We understand our clients’ needs and leverage our knowledge gained from current and past grant programs to promote economy, efficiency and effectiveness.