7 CFR 1773, Policy on Audits of RUS Borrowers

Forms and Documents

Document Name	Status
8-23-2017 0572-0095, non-material change submission.docx Justification for No Material/Nonsubstantive Change	2017-08-23
REVISED 9-9-15 0572-0095 SUPPORTING STATEMENT.docx Supporting Statement A	2015-09-09
CFR-2012-title7-vol12-part1773.pdf Supplementary Document	2015-08-28
Appendix A to Subpart C Patrt 1718- Model Form of Loan Contra.doc Supplementary Document	2015-08-28
0572-0095_2015 RUS FORM 36.xlsx Supplementary Document	2015-08-28

IC Document Collections

IC ID	Document Title	Status
1800	7 CFR 1773, Policy on Audits of RUS Borrowers	Unchanged

ICR Details

OMB Control No: 0572-0095	ICR Reference No: 201708-0572-001
Status: Historical Active	Previous ICR Reference No: 201508-0572-002
Agency/Subagency: USDA/RUS	Agency Tracking No:
Title: 7 CFR 1773, Policy on Audits of RUS Borrowers
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/01/2017
	Date Received in OIRA: 08/29/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2018	11/30/2018	11/30/2018
Responses	1,967	0	1,967
Time Burden (Hours)	14,914	0	14,914
Cost Burden (Dollars)	0	0	0

---

Abstract: RUS is revising corresponding regulations 7 CFR 1773 for this collection to be consistent with 2 CFR 200, and Generally Accepted Government Auditing Standards (GAGAS), by adding one section (7 CFR 1773.34) to the revised regulation which will specify a non-material burden on some of the residents in this collection to include a "schedule of Findings and recommendations to be included with the audited financial statements". The schedule has been included by the auditee and is required by GAGAS, however RUS had not explicitly listed it in the regulation prior to this revision. The clarification applies to only those respondents who are required to submit a plan of corrective action, which is estimated to be approximately 400 out of 1,340 respondents, and will not increase the burden estimate of 14, 914. See the attached justification for change.

---

Authorizing Statute(s): US Code: 7 USC 901 et seq. Name of Law: Rural Electrification Act of 1936, as amended
  

Citations for New Statutory Requirements: None

---

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

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 34139	06/15/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 54763	09/11/2015
Did the Agency receive public comments on this ICR? No

---

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

IC Title	Form No.	Form Name
7 CFR 1773, Policy on Audits of RUS Borrowers

---

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	1,967	1,967	0	0	0	0
Annual Time Burden (Hours)	14,914	14,914	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: This submission reflects an increase of 90 respondents resulting in an adjustment increase of 80 responses and 987 burden hours.

---

Annual Cost to Federal Government: $653,007

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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

---

Common Form ICR:  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:

(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: 08/29/2017

---