Fiscal Agency Discloses Financial Information in Transparency Portal
SAN JUAN – The executive director of the Puerto Rico Fiscal Agency and Financial Advisory Authority (Aafaf by its Spanish acronym), Omar J. Marrero, announced Wednesday that the Central Office for Recovery, Reconstruction and Resiliency (COR3) is posting information on the flow of the Coronavirus Aid, Relief and Economic Security (Cares) Act’s Coronavirus Relief Fund (CRF) on its Transparency Portal, www.recovery.pr, with the goal of making the management of those federal funds more transparent.
“Our administration is committed to strengthening the public policy of transparency in the effective management of federal funds and is focused on reestablishing Puerto Rico’s credibility before the Government of the United States,” Marrero said in a press release.
The official pointed out that the fiscal agency was providing information on the CRF disbursement process and progress, as well as details of each one of the programs that have been established under the Cares Act, but “in order to disclose additional financial information, the following information has been added to the COR3 portal ”:
- Summary of the CARES Act with an interactive timeline showing the federal response to the COVID-19 pandemic and the stages of the financial assistance funding.
- Details of the 20 financial assistance programs that make up the CRF in Puerto Rico.
- Financial summaries and breakdowns by recipient of the CRF funds that have been allocated and disbursed throughout Puerto Rico.
- Visual and interactive flows of financial assistance, bar graphs and municipal maps detailing CRF funds for Puerto Rico.
- Access to the published program guidelines and frequently asked questions on the CARES Act and CRF funding.
“Publishing in our portal the programs available at AAFAF to assist in the crisis caused by the COVID-19 allows us to centralize and facilitate citizens’ searches for this kind of information,” COR3 Executive Director Manuel A. Laboy Rivera added. “At the same time, stakeholders may access updated information on the disaster recovery process led by the municipalities, government dependencies and nonprofit institutions.”