In response to grant monitors need for
a better reporting mechanism for grantee budgets, the G5 team
developed a new electronic budget form for grantees to complete.
This new electronic form requires grantees to detail the budget
categories from which they are expending funds in order for
Department grant monitors to track more carefully the drawdowns and
financial management systems of grantees. Although this form may be
used by all grantees, at this time only grantees on cost
reimbursement or route payment status will be required to use this
form when reporting their budget, requesting funds, and accessing
funds. Current Department regulations sections 74.20-74.28 and
74.50-74.53 address the financial management and reporting
requirements of grantees. The new form developed in G5 serves as
the mechanism for grantees to report expenditures and track their
spending in order to ensure compliance with Department regulations.
The currently used budget form, the SF 524, is not comprehensive
enough to meet the needs of grant monitors to efficiently and
effectively monitor this sub-set of grantees. This new data
collection will enhance the ability of grant monitors to track the
budgeting of grantees and the management of their funds.
US Code:
34
USC 74.51 Name of Law: Education Department General
Administrative Regulations (EDGAR)
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.