[Federal Register Volume 73, Number 157 (Wednesday, August 13, 2008)]
[Notices]
[Pages 47246-47247]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-18783]


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OFFICE OF MANAGEMENT AND BUDGET


Financial Reporting for Grants and Cooperative Agreements: 
Federal Financial Report (FFR)

AGENCY: Office of Federal Financial Management, Office of Management 
and Budget.

ACTION: Submission for OMB Review; Comment Request.

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    Title: Federal Financial Report (FFR).
    OMB No.: New Collection.
    Description: The Office of Management and Budget is consolidating 
and replacing four existing financial reporting forms (SF-269, SF-269A, 
SF-272, and SF-272A) with a single Federal Financial Report (FFR). The 
purpose of the FFR is to give recipients of grants and cooperative 
agreements a standard format for reporting the financial status of 
their grants and cooperative agreements (hereby referred to 
collectively as awards). Federal awarding agencies developed the FFR as 
part of their implementation of the Federal Financial Assistance 
Management Improvement Act of 1999 (Pub. L. 106-107).
    Respondents: Federal Grants making agencies and their grantees.
    Additional Information: Copies of the proposed collection may be 
obtained by going to OMB's main Web page at http://www.OMB.gov and 
clicking on the ``Grants Management,'' then ``Forms'' then Proposed 
Government-Wide Standard Grants Reporting Forms links.
    OMB Comment: OMB is required to make a decision concerning the 
collection of information between 30 and 60 days after publication of 
this document in the Federal Register. Therefore, a comment is best 
assured of having its full effect if OMB receives it within 30 days of 
publication. Interested parties are encouraged to send comments to the 
Office of Information and Regulatory Affairs, Attn: OMB Desk Officer 
for the Office of Federal Financial Management, Office of Management 
and Budget, Room 10235, Washington, DC 20503, Telephone: 202-395-7316/
Fax: 202-395-6974 (these are not toll-free numbers), E-mail: [email protected] within 30 days from the date of this publication 
in the Federal Register. Please include ``FFR comments'' in the subject 
line of the e-mail message; please also include the full body of your 
comments in the text of the message and as an attachment. Include your 
name, title, organization, postal address, telephone number, and e-mail 
address in your message.

I. Comments and Responses on December 7, 2007 Federal Register Notice

    The December 7, 2007 announcement in the Federal Register [72 FR 
69236] generated comments from Federal agencies and some grantees. 
These comments and responses to them can be found on the OMB Proposed 
Forms Web site at http://www.whitehouse.gov/omb/grants/grants_standard_report_forms.html.

II. Burden Estimate

    Estimated Total Annual Burden Hours: 1,200,000.
    Estimated Cost: There is no expected cost to the respondents or to 
OMB.

                                             Annual Burden Estimates
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                                                                     Number of        Average
                   Instrument                        Number of     responses per   burden hours    Total burden
                                                    respondents     respondent     per response        hours
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Federal Financial Report (FFR)..................          60,000              10            1.50         900,000
Federal Financial Report (FFR) Attachment.......          60,000              10            0.50         300,000
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III. Summary of Actions

    The FFR provides a standard format from which agencies can 
determine data elements that recipients must complete to report on the 
cash management and financial status of single or multiple awards. 
Consistent with government-wide grant streamlining objectives, the FFR 
will result in the use of standard reporting period end dates and due 
dates for the submission of cash management and financial information.
    As soon as possible after October 1, 2008, and no later than 
October 1, 2009, each agency must transition from the SF-269, SF-269A, 
SF-272, and SF-272A to the FFR, by requiring recipients to use the FFR 
for all financial reports submitted after the date it makes the 
transition. In making the transition, an agency would incorporate the 
requirement to use the FFR into terms and conditions of new and ongoing 
grant and cooperative agreement awards, State plans, and/or program

[[Page 47247]]

regulations that specify financial reporting requirements.

Danny Werfel,
Deputy Controller.
[FR Doc. E8-18783 Filed 8-12-08; 8:45 am]
BILLING CODE 3110-01-P