[Federal Register Volume 67, Number 89 (Wednesday, May 8, 2002)]
[Notices]
[Pages 30944-30945]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-11322]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4736-N-03]


Notice of Proposed Information Collection for Public Comment--
Public Housing Financial Management Template

AGENCY: Office of the Assistant Secretary for Public and Indian 
Housing, HUD.

ACTION: Notice.

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SUMMARY: The proposed information collection requirement described 
below will be submitted to the Office of Management and Budget (OMB) 
for review, as required by the Paperwork Reduction Act. The Department 
is soliciting public comments on the subject proposal.

DATES: Comments Due Date: July 8, 2002.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
Control number and should be sent to: Mildred M. Hamman, Reports 
Liaison Officer, Public and Indian Housing, Department of Housing and 
Urban Development, 451 7th Street, SW., Room 4238, Washington, DC 
20110-5000.

FOR FURTHER INFORMATION CONTACT: Mildred M. Hamman, (202) 708-3642, 
extension 4128, for copies of the proposed forms and other available 
documents. (This is not a toll-free number).

SUPPLEMENTARY INFORMATION: The Department will submit the proposed 
information collection to OMB for review, as required by the Paperwork 
Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended).
    This Notice is soliciting comments from members of the public and 
affected agencies concerning the proposed collection of information to: 
(1) Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility; (2) 
evaluate the accuracy of the agency's estimate of the burden of the 
proposed collection of information; (3) enhance the quality, utility, 
and clarity of the information to be collected; and (4) minimize the 
burden of the collection of information on those who are to respond, 
including through the use of appropriate automated collection 
techniques or other forms of information technology; e.g., permitting 
electronic submission of responses.
    This Notice also lists the following information:
    Title of Proposal: Public Housing Financial Management Template.
    OMB Control Number: 2577- (Formerly 2535-0107).
    Description of the need for the information and proposed use: The 
Uniform Financial Reporting Standards (UFRS) for HUD Housing Programs 
requires Public Housing Agencies (PHAs) to submit financial data 
electronically, using Generally Accepted Accounting Principles (GAAP), 
in a prescribed format. Electronic submission of this data requires the 
use of a template. The Public Housing Financial Management template 
includes updates that increase the efficiency of data collection and 
reduces the burden hours for the respondents. HUD will continue to use 
the financial information it collects from PHAs to evaluate their 
financial condition. Requiring PHAs to report electronically, in a 
prescribed HUD format, and using the GAAP basis of accounting has 
enabled HUD to provide a more comprehensive financial assessment of the 
PHAs receiving federal funds from HUD. The Real Estate Assessment 
Center responsibility for this collection of information was 
transferred to the Assistant Secretary for Public and Indian Housing.
    Agency form numbers, if applicable: Not applicable.
    Members of affected public: Public Housing Financial Management 
Template: Local, State, or Tribal Governments, Not-for-profit 
Institutions.
    Estimation of the total number of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response: Public Housing Financial Management 
Template: 3,173 PHAs; annual submission per PHA;

[[Page 30945]]

average hours for PHA response is 10 hours; the total reporting burden 
is 31, 961 hours.
    Status of the proposed information collection: Revision of a 
currently approved collection.

    Authority: Section 3506 of the paperwork Reduction Act of 1995, 
44 U.S.C. Chapter 35, as amended.

    Dated: April 30, 2002.
Michael Liu,
Assistant Secretary for Public and Indian Housing.
[FR Doc. 02-11322 Filed 5-7-02; 8:45 am]
BILLING CODE 4210-33-M