Implementing the Requirements of Section 1512 of

Transcript:Implementing the Requirements of Section 1512 of:
Implementing the Requirements of Section 1512 of the American Recovery and Reinvestment Act FTA Webinar for First-Time Reporters April 2011 Reporting Cycle 2 2 This Presentation Will Cover: The objectives of the Section 1512 reporting requirements. Guidance issued by OMB Who must submit a 1512 Report. When information must be submitted. What information FTA grantees should submit. How information should be submitted. Where to find additional technical assistance. 3 Technical Assistance Documents This presentation should be viewed in conjunction with the FTA 1512 Reporting Technical Assistance documents: 1512 Reporting Definitions and Examples Tips on Section 1512 reporting (Available on the FTA ARRA Website under ARRA Reporting at http://www.fta.dot.gov/index_9440_10542.html ) 4 4 New Reporting Guidance from OMB Recipients can submit their report to their awarding agency outside of www.federalreporting.gov (i.e., by email or fax) if they are unable to report electronically. Recipients can mark their report as “final” if the project status is complete, no additional jobs will be reported, all or nearly all funds from the award have been expended, and all or nearly all funds from the award have been received. 5 5 New Reporting Guidance from OMB If not all of the funds in the award will be expended, the recipient must provide a comment in the “Quarterly Activities/Project Description” field explaining why the final amount of expenditures does not = the award amount and confirming no more funds will be expended. 6 6 New Reporting Guidance from OMB Recipients can make an adjustment to a report submitted in a prior reporting period (i.e., a report submitted in January, 2011). Grantees should contact FTA with information on the correction and FTA will submit the correction to OMB. 7 7 New Reporting Guidance from OMB Provide sufficient clarity and detail in narrative descriptions. Taken in conjunction, entries in the “award description,” and “Quarterly Activities/Project Description for Prime and Subrecipients” fields must provide clear and complete information on the award’s purpose, scope and nature of activities, outcomes, and status of activities. The information in the “Quarterly Activities/Project Description” field should include information on the accomplishments of the projects funded by the grant. 8 8 New Reporting Guidance from OMB When reporting payments to subrecipients exceeding $25,000 aggregate multiple payments made to the same subrecipient. Note that if multiple payments under $25,000 awarded to the same subrecipients exceed $25,000, then this information should be reported in the subrecipient section of the