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    GAO REPORTS GUAM IS BEST INSULAR AREA TO MANAGE INTERIOR FUNDING

    The Government Accountability Office released a report on the U.S. insular areas and opportunities that exist to improve the Department of the Interior’s grant oversight and to reduce the potential for mismanagement. The GAO report reviewed the U.S. insular areas of American Samoa, CNMI, the U.S. Virgin Islands and Guam and how they’ve been spending [...]

    MANDATORY FINANCIAL AND PERFORMANCE REPORTS DUE OCTOBER 10 FOLLOWING RIGID STIMULUS REQUIREMENTS

    Important Datelines

    Registration begins Monday, August 17, 2009. Registration for all Federal Agencies and Recipients begins Monday, August 17, 2009. The federalreporting.gov Service Desk will be available for user support from 7 a.m. through 9 p.m. (ET) Monday through Friday to support Registration.
    Reporting begins Thursday, October 1, 2009. The FederalReporting.gov system opens for reporting on Thursday, [...]

    OMB Releases Guidance on ARRA Reporting Requirements

    The American Recovery and Reinvestment Act (ARRA) mandates significant reporting and record-keeping for states and insular areas that accept funds. Recent guidance released by the White House’s Office of Management and Budget (OMB) details those requirements, including the newly developed online system that will be used to collect the data. While many federal agencies will [...]

    OMB A-133 COMPLIANCE SUPPLEMENT FOR 2009 PROVIDES ADDITIONAL ARRA GUIDANCE

    On May 26, 2009, the White House Office of Management and Budget (OMB) released the 2009 OMB Circular A-133 Compliance Supplement (the Supplement) effective for audits of fiscal years beginning after June 30, 2008, superseding the 2008 OMB Circular A-133 Compliance Supplement.
    The new annual Supplement contains information updated to reflect new programs, deleted programs and [...]

    NEW OMB FEDERAL FINANCIAL REPORTING FORMS FOR IMPLEMENTATION ON OCTOBER 1, 2009

    Federal assistance recipients will soon be using new standard forms to report on financial status and grant-acquired property.
    The Office of Management and Budget (OMB) has directed federal agencies to begin using the new Federal Financial Report (SF-425) as soon as possible, but no later than October 2009. This form replaces the existing SF-269, SF-269A, SF-272 [...]

    NEW OMB PROGRAM PERFORMANCE REPORT FORM FOR IMPLEMENTATION ON OCTOBER 1, 2009

    The Performance Progress Report (PPR) is a standard, government-wide performance progress reporting format used by Federal agencies to collect performance information from recipients of Federal funds awarded under all Federal programs that exceed $100,000 or more per project/grant period, excluding those that support research. General instructions for completing the PPR are contained below. Some federal [...]

    GSC CIRCULAR 2008-02 DIRECTS GOVERNMENT OF GUAM AGENCIES AND INSTRUMENTALITIES TO MINIMIZE THE USE OF MULTIPLE DUNS NUMBERS

    The United States Office of Management and Budget (OMB) has required that all federal grant applications submitted must include a Dun and Bradstreet Universal Numbering System (DUNS) number. The DUNS number must included in a grant application upon submission of a paper grant application or using the federal government-wide electronic portal (Grants.gov). It also supplements [...]

    OMB TO RELEASE NEW FEDERAL FINANCIAL REPORT

    The White House Office of Management and Budget (OMB) is consolidating and replacing four existing financial reporting forms (SF-269, SF-269A, SF-272 and SF-272A) with a new single Federal Financial Report (FFR), to give recipients of grants and cooperative agreements a standard format for reporting the financial status of their awards.
    OMB published a final request for [...]