Comments Sought on Proposed Uniform Financial Reports for Federal Grantees - Grant Streamlining

Grant Streamlining: News Background Links Correspondence

Published: 04/14/2003

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Comments Sought on Proposed Uniform Financial Reports for Federal Grantees

The Office of Federal Financial Management proposed consolidation of several financial reporting forms into a single, uniform report for grant recipients in an April 8, 2003 Federal Register Notice. It would apply to discretionary and formula grants and cooperative agreements. The proposed form consolidates the current “Financial Status Report” (SF-269 and 269a) and the “Federal Cash Transaction Report (SF 272 and 272a). Four new information items are proposed, including:

� Universal identifying number
� Total required match;
� Remaining match to be provided, and
� Grantee’s E Mail address.

Comments are due June 9, 2003. OMB Watch will be filing comments based on feedback from nonprofits as part of the Streamlining Grants Management Project, a joint effort with the Urban Institute and Guide Star. You can review the proposed data elements and provide feedback through our online forum, send your comments to Kay Guinane at kguinane@ombwatch.org, or submit your own comments. (See Federal Register notice for specific instructions.)

OFFM is seeking answers to specific questions, including

� “Is the format of the form easy to understand and complete?
� Do you have suggestions for improvements in the appearance of the form?
� Are the line item instructions understandable?
� Have we sufficiently defined the terms?
� Are there any data elements that could be eliminated from the form? If your recommend eliminating an item, please explain your recommendation.
� Could we provide any additional information that would be useful to the users of this form?”