Federal Register: August 13, 2008 (Volume 73, Number 157)
DOCID: fr13au08-150 FR Doc E8-18783
OFFICE OF MANAGEMENT AND BUDGET
Management and Budget Office
NOTICE: NOTICES
DOCID: fr13au08-150
DOCUMENT ACTION: Submission for OMB Review; Comment Request.
SUBJECT CATEGORY:
Financial Reporting for Grants and Cooperative Agreements: Federal Financial Report (FFR)
DOCUMENT SUMMARY:
Title: Federal Financial Report (FFR).
OMB No.: New Collection.
Description: The Office of Management and Budget is consolidating and replacing four existing financial reporting forms (SF269, SF269A, SF272, and SF272A) with a single Federal Financial Report (FFR). The purpose of the FFR is to give recipients of grants and cooperative agreements a standard format for reporting the financial status of their grants and cooperative agreements (hereby referred to collectively as awards). Federal awarding agencies developed the FFR as part of their implementation of the Federal Financial Assistance Management Improvement Act of 1999 (Pub. L. 106107).
Respondents: Federal Grants making agencies and their grantees.
Additional Information: Copies of the proposed collection may be obtained by going to OMB's main Web page at http://www.OMB.gov and clicking on the ``Grants Management,'' then ``Forms'' then Proposed GovernmentWide Standard Grants Reporting Forms links.
OMB Comment: OMB is required to make a decision concerning the
collection of information between 30 and 60 days after publication of
this document in the Federal Register. Therefore, a comment is best
assured of having its full effect if OMB receives it within 30 days of
publication. Interested parties are encouraged to send comments to the
Office of Information and Regulatory Affairs, Attn: OMB Desk Officer
for the Office of Federal Financial Management, Office of Management
and Budget, Room 10235, Washington, DC 20503, Telephone: 2023957316/
Fax: 2023956974 (these are not tollfree numbers), Email: OIRA_
submission@omb.eop.gov within 30 days from the date of this publication
in the Federal Register. Please include ``FFR comments'' in the subject
line of the email message; please also include the full body of your
comments in the text of the message and as an attachment. Include your
name, title, organization, postal address, telephone number, and email address in your message.
I. Comments and Responses on December 7, 2007 Federal Register Notice
The December 7, 2007 announcement in the Federal Register [72 FR
69236] generated comments from Federal agencies and some grantees.
These comments and responses to them can be found on the OMB Proposed
Forms Web site at http://www.whitehouse.gov/omb/grants/grants_ standard_report_forms.html.
II. Burden Estimate
Estimated Total Annual Burden Hours: 1,200,000.
Estimated Cost: There is no expected cost to the respondents or to OMB.
Annual Burden Estimates
Number of Average
Instrument Number of responses per burden hours Total burden
respondents respondent per response hours
Federal Financial Report (FFR).................. 60,000 10 1.50 900,000
Federal Financial Report (FFR) Attachment....... 60,000 10 0.50 300,000 III. Summary of Actions
The FFR provides a standard format from which agencies can determine data elements that recipients must complete to report on the cash management and financial status of single or multiple awards. Consistent with governmentwide grant streamlining objectives, the FFR will result in the use of standard reporting period end dates and due dates for the submission of cash management and financial information.
As soon as possible after October 1, 2008, and no later than
October 1, 2009, each agency must transition from the SF269, SF269A,
SF272, and SF272A to the FFR, by requiring recipients to use the FFR
for all financial reports submitted after the date it makes the
transition. In making the transition, an agency would incorporate the
requirement to use the FFR into terms and conditions of new and ongoing
grant and cooperative agreement awards, State plans, and/or program [[Page 47247]]
regulations that specify financial reporting requirements.
Danny Werfel,
Deputy Controller.
[FR Doc. E818783 Filed 81208; 8:45 am]
BILLING CODE 311001P
SUMMARY:
Agency Information Collection Activities; Proposals, Submissions, and Approvals; Financial Reporting for Grants and Cooperative Agreements; Federal Financial Report,
DOCUMENT BODY:
Title: Federal Financial Report (FFR).
OMB No.: New Collection.
Description: The Office of Management and Budget is consolidating and replacing four existing financial reporting forms (SF269, SF269A, SF272, and SF272A) with a single Federal Financial Report (FFR). The purpose of the FFR is to give recipients of grants and cooperative agreements a standard format for reporting the financial status of their grants and cooperative agreements (hereby referred to collectively as awards). Federal awarding agencies developed the FFR as part of their implementation of the Federal Financial Assistance Management Improvement Act of 1999 (Pub. L. 106107).
Respondents: Federal Grants making agencies and their grantees.
Additional Information: Copies of the proposed collection may be obtained by going to OMB's main Web page at http://www.OMB.gov and clicking on the ``Grants Management,'' then ``Forms'' then Proposed GovernmentWide Standard Grants Reporting Forms links.
OMB Comment: OMB is required to make a decision concerning the
collection of information between 30 and 60 days after publication of
this document in the Federal Register. Therefore, a comment is best
assured of having its full effect if OMB receives it within 30 days of
publication. Interested parties are encouraged to send comments to the
Office of Information and Regulatory Affairs, Attn: OMB Desk Officer
for the Office of Federal Financial Management, Office of Management
and Budget, Room 10235, Washington, DC 20503, Telephone: 2023957316/
Fax: 2023956974 (these are not tollfree numbers), Email: OIRA_
submission@omb.eop.gov within 30 days from the date of this publication
in the Federal Register. Please include ``FFR comments'' in the subject
line of the email message; please also include the full body of your
comments in the text of the message and as an attachment. Include your
name, title, organization, postal address, telephone number, and email address in your message.
I. Comments and Responses on December 7, 2007 Federal Register Notice
The December 7, 2007 announcement in the Federal Register [72 FR
69236] generated comments from Federal agencies and some grantees.
These comments and responses to them can be found on the OMB Proposed
Forms Web site at http://www.whitehouse.gov/omb/grants/grants_ standard_report_forms.html.
II. Burden Estimate
Estimated Total Annual Burden Hours: 1,200,000.
Estimated Cost: There is no expected cost to the respondents or to OMB.
Annual Burden Estimates
Number of Average
Instrument Number of responses per burden hours Total burden
respondents respondent per response hours
Federal Financial Report (FFR).................. 60,000 10 1.50 900,000
Federal Financial Report (FFR) Attachment....... 60,000 10 0.50 300,000 III. Summary of Actions
The FFR provides a standard format from which agencies can determine data elements that recipients must complete to report on the cash management and financial status of single or multiple awards. Consistent with governmentwide grant streamlining objectives, the FFR will result in the use of standard reporting period end dates and due dates for the submission of cash management and financial information.
As soon as possible after October 1, 2008, and no later than
October 1, 2009, each agency must transition from the SF269, SF269A,
SF272, and SF272A to the FFR, by requiring recipients to use the FFR
for all financial reports submitted after the date it makes the
transition. In making the transition, an agency would incorporate the
requirement to use the FFR into terms and conditions of new and ongoing
grant and cooperative agreement awards, State plans, and/or program [[Page 47247]]
regulations that specify financial reporting requirements.
Danny Werfel,
Deputy Controller.
[FR Doc. E818783 Filed 81208; 8:45 am]
BILLING CODE 311001P