Student Assistance General Provisions - Subpart K - Cash Management

ICR 200910-1845-008

OMB: 1845-0038

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2009-08-19
IC Document Collections
ICR Details
1845-0038 200910-1845-008
Historical Active 200812-1845-006
ED/FSA 4094
Student Assistance General Provisions - Subpart K - Cash Management
Revision of a currently approved collection   No
Regular
Approved without change 10/29/2009
Retrieve Notice of Action (NOA) 10/29/2009
  Inventory as of this Action Requested Previously Approved
10/31/2012 36 Months From Approved 02/29/2012
1,032,413 0 1,075,198
965,878 0 976,924
0 0 0

The proposed regulations require an institution to disclose in a footnote to its audited financial statements the amounts of Federal and non-Federal revenues, by category, that it used in calculating its 90/10 ratio.

PL: Pub.L. 110 - 315 487(d) Name of Law: Higher Education Opportunity Act
  
PL: Pub.L. 110 - 315 487(d) Name of Law: Higher Education Opportunity Act

1840-AC99 Final or interim final rulemaking 74 FR 55902 10/29/2009

No

2
IC Title Form No. Form Name
34 CFR 668.23(d) Audited Financial Statements
Current Cash Management Burden

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 1,032,413 1,075,198 2,058 0 -44,843 0
Annual Time Burden (Hours) 965,878 976,924 165 0 -11,211 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The burden increase is required by a proposed change in the regulations due to implementing the statutory changes made by the Higher Education Opportunity Act (HEOA) (Pub. L. 110-315) that amends the Higher Education Act of 1965, as amended (HEA). Please note that in the process of preparing the new collection it was determined that the previous submission had the wrong data for both responses and hours due to several iterations of the documents that were created for version 7. We believe that the number of responses 1,075,198 and the number of hours 976,924 as reported on the Notice of OMB Action dated 2.27.09 are in error. The actual number of responses in the current inventory should be 1,030,355 to correct an over-reporting of 44,843. The actual number of hours in the current inventory should be 965,713 to correct an over-reporting of 11,211. Therefore, as a part of this collections package we are requesting a “Change due to Agency Adjustment” to decrease the number of responses from 1,075,198 to 1,030,355 and to decrease the number of hours from 976,924 to 965,713. The corrected figures are reported above in the “Current Inventory” listing.

$0
No
No
Uncollected
Uncollected
No
Uncollected
Beth Grebeldinger 202 708-8242

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
08/21/2009


© 2024 OMB.report | Privacy Policy