[Federal Register Volume 76, Number 111 (Thursday, June 9, 2011)]
[Notices]
[Page 33767]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-14305]


-----------------------------------------------------------------------

DEPARTMENT OF HEALTH AND HUMAN SERVICES

Administration for Children and Families


Submission for OMB Review; Comment Request

    Title: AFI Financial Education Practices and Cost Study.
    OMB No.: New.

Description

    The Office of Community Services (OCS) within the Administration 
for Children and Families is conducting a descriptive study of 
Financial Education Practices among Assets for Independence (AFI) 
grantees to increase its knowledge about current practices in financial 
education for AFI participants and the costs involved to provide the 
financial education.
    The Assets for Independence program is a national demonstration 
through which OCS awards grants to community-based nonprofit 
organizations, and State, local, and Tribal government agencies 
nationwide. The AFI program is authorized in Section 402 of the 
Community Opportunities, Accountability, and Training and Educational 
Services Act of 1998 (Title IV of Public Law 105-285). Grantees 
implement five year projects that empower low-income families and 
individuals to save earned income and purchase an economic asset as a 
means for becoming economically self-sufficient. Grantees provide 
eligible low-income individuals and families access to matched savings 
accounts, known as individual development accounts (IDAs). In addition, 
grantees provide asset-building services to program participants, such 
as financial literacy education, and specialized asset-specific 
training regarding asset purchase and ownership.
    This data collection effort will provide OCS with a better 
understanding of the future needs of AFI grantees in financial 
education and help OCS to build strategies to strengthen the quality of 
the financial education provided to AFI participants. The data 
collection will be collected once through two instruments: The Survey 
of Financial Education Practices of AFI Grantees and the AFI Financial 
Education Cost Data Form.
    The Survey of Financial Education Practices of AFI Grantees will be 
a Web-based survey consisting mainly of multiple choice questions. All 
current AFI grantees (approximately 300 grantees) will be asked to 
complete the survey. The AFI Financial Education Cost Data Form is a 
supplement to the grantee practices survey. A smaller sample of 
grantees (approximately 35 grantees) representing a variety of 
organizational types will be randomly selected to complete this 
supplemental survey on the costs of providing financial education. The 
Cost Data Form will be sent to grantees to complete and technical 
assistance will be provided to grantees to help them complete the form.
    Specific areas to be covered in this study include: topics covered 
by financial education; formats used in delivering financial education; 
assessment tools that are used to determine participant needs and 
effectiveness of training efforts; challenges encountered in providing 
financial education; training materials used; costs and sources of 
funding for training; strategies for tracking participant progress in 
developing financial skills; and participant outcomes related to 
financial education.

Respondents

    All active AFI grantee agencies, their partners or sub-grantees, an 
estimated 300 agencies will respond to IC1, a Survey of Financial 
Education Practices.
    IC2, the Financial Education cost form, will be administered to 
financial personnel of all active AFI grantees who have completed at 
least three years of their five-year project period, an estimated 30 
agencies.
    IC3, the Financial Education cost form, will be administered to 
financial personnel of all active AFI sub grantees who have completed 
at least three years of their five-year project period, an estimated 42 
agencies.

                                             Annual Burden Estimates
----------------------------------------------------------------------------------------------------------------
                                                                     Number of    Average burden
                   Instrument                        Number of     responses per     hours per     Total burden
                                                    respondents     respondent       response          hours
----------------------------------------------------------------------------------------------------------------
AFI grantee agencies, their partner or sub-                  300               1               1             300
 grantees.......................................
AFI grantee agencies' financial personnel.......              30               1               2              60
AFI sub grantees financial personnel............              42               1               2              84
----------------------------------------------------------------------------------------------------------------

    Estimated Total Annual Burden Hours: 444.

Additional Information

    Copies of the proposed collection may be obtained by writing to the 
Administration for Children and Families, Office of Administration, 
Office of Information Services, 370 L'Enfant Promenade, SW., 
Washington, DC 20447, Attn: ACF Reports Clearance Officer. All requests 
should be identified by the title of the information collection. E-mail 
address: [email protected].

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. 
Written comments and recommendations for the proposed information 
collection should be sent directly to the following:

Office of Management and Budget,
Paperwork Reduction Project,
Fax: 202-395-7285,
E-mail: [email protected],
Attn: Desk Officer for the Administration for Children and Families.

Robert Sargis,
Reports Clearance Officer.
[FR Doc. 2011-14305 Filed 6-8-11; 8:45 am]
BILLING CODE 4184-01-P