Supporting Statement SF-272 and SF-272A

Supporting Statement to Accompany SF-83i

Renewal of SF-272 and 272A Federal Cash Transactions Report and Continuation Page

1. Justification

1. Each year, over $450 billion is expended by the recipients of Federal assistance grant awards. The Office of Federal Financial Management (OFFM) leads the government-wide grants management efforts to assure Federal assistance funds are managed properly and spent in accordance with laws and regulations. Working cooperatively with Federal grant-making agencies and non-Federal parties, OFFM establishes grants management policies and guidance through publication of OMB circulars.

The grantee financial reporting requirements are established in OMB Circulars A-102, Grants and Cooperative Agreements with States and Local Governments, and A-110, Uniform Administrative Requirements for Grants and Agreements with Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations (applicable sections contained in Attachment 1).

2. The SF-272 Federal Cash Transaction Report, and SF-272A Continuation Page are used by grantees to report on cash received. The Federal grant-making agencies use the information reported on this form for general management of awards made under Federal financial assistance programs. [Copy of SF-272 and SF-272A in Attachment 2.]

3. Federal agencies have the option of allowing grantees to use electronic submission of the financial status data.

4. There is no other source for the information reported on this form.

5. This information collection does not have a significant impact on small businesses or other small entities.

6. The collection of financial information is required to meet OMB guidance and agency regulations; thus, the collection cannot be less frequent.

7. No such special circumstances exist.

8. The 60-day public comment notice on the extension of this form was published in the Federal Register on Friday, October 15, 2008 [73 FR 61175] (copy available in Attachment 3).

9. The 30-day public comment notice on the extension of this form was published in the Federal Register on Friday, February 3, 2009 [74 FR 5949] (copy available in Attachment 4).

10. No such payments or gifts contemplated for respondents.

11. No confidentiality is provided.

12. No sensitive information is collected.

13. The estimated reporting burden per respondent for this form is 60 minutes.

14. – 18. Not applicable.

B. Collections of Information Employing Statistical Methods – Not applicable.

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