Evaluation of My Classroom Economy Program

Forms and Documents

Document Name	Status
07-28-15 MCE Supporting_Statement_(Part_B)_response.docx Supporting Statement B	2015-08-04
07-28-15 MCE Supporting_Statement_(Part_A)_response (2).docx Supporting Statement A	2015-08-04

IC Document Collections

IC ID	Document Title	Status
215711	Evaluation of My Classroom Economy Program Other-Protocol	New

ICR Details

OMB Control No: 1505-0252	ICR Reference No: 201503-1505-004
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: Evaluation of My Classroom Economy Program
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 08/04/2015
	Date Received in OIRA: 03/20/2015
Terms of Clearance: OMB appreciates that Treasury is in the early stages of evaluating the My Classroom Economy program, however, Treasury’s evaluation effort does not fully adhere to good practices in the field of educational research. In reviewing these results, researching the impacts of this program further, or potentially scaling up the My Classroom Economy program, Treasury must convene a technical advisory group in consultation with the Department of Education’s Institution of Education Sciences (IES) and National Center for Education Evaluation and Regional Assistance (NCEE).

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2016	36 Months From Approved
Responses	3,000	0	0
Time Burden (Hours)	2,775	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The U.S. Department of the Treasury requests OMB approval of an information collection with four components that will be used to gather information from youth, their parents, and teachers who are participating in "My Classroom Economy," a classroom-based financial capability program. The program is being studied and evaluated by the Center for Financial Security at the University of Wisconsin, under contract with the U. S. Treasury. This research will inform Treasury officials and the Federal Financial Literacy and Education Commission (FLEC) on strategies for providing financial education to students during the school day. The overall information collection will include the following four components: 1. Parental consent and family demographics (9 question survey) 2. Student baseline survey 3. Student post-intervention survey 4. Teacher post-intervention (9 question survey)

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 30236	05/27/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 13955	03/17/2015
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Evaluation of My Classroom Economy Program

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ICR Summary of 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	3,000	0	0	3,000	0	0
Annual Time Burden (Hours)	2,775	0	0	2,775	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This is a new collection.

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Annual Cost to Federal Government: $88,000

Does this IC contain surveys, censuses, or employ statistical methods? Yes Part B of Supporting Statement

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 03/20/2015

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