McClintock Minute


Recent COVID-19 Updates Articles

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A Primer on Institutional HEERF Grant Reporting

By David B. McClintock, CPA October 20, 2020

No tricks, a major deadline looms for postsecondary educational institutions just before Halloween. The first round of quarterly reporting for the institutional portion of the Higher Education Emergency Relief (HEERF) Grant is due October 30, meaning institutions cannot delay in preparing and posting their reports. Check out this rundown concerning…

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PPP Loans and HEERF Grants: A Guide to Accounting, Reporting and Composite Score Considerations

By Thomas R. Wilson, CPA October 16, 2020

This article was original published in the September 2020 issue of Career Education Review and reproduced here with permission.  Article originally posted at As the COVID-19 pandemic and a difficult 2020 continues, postsecondary institutions have to make significant decisions concerning the emergency aid that helped them through the spring…


Breaking Down the HEERF FAQ — Round 3

By Michael T. Wherry, CPA October 8, 2020

On October 2, 2020, the U.S. Department of Education (ED) published “Round 3” for Frequently Asked Questions related to the Higher Education Emergency Relief Fund (HEERF) grants. This document addressed questions related to the usage of the HEERF grants for institutional and student purposes. McClintock & Associates (M&A) has reviewed…


New HEERF Institutional Reporting Form Released

By Michael T. Wherry, CPA October 2, 2020

The Department of Education (ED) on September 28 announced the implementation of the quarterly public reporting requirement for the institutional portion of the Higher Education Emergency Relief Fund (HEERF), as well as a new reporting form. The form includes sections for institutional dollars provided for emergency financial aid grants or…