Annual Compliance Reports

Forms and Documents

Document Name	Status
Form 201808 - 06 CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments) Form and Instruction	New
Form 201808 - 05 CDFI Annual Single Audit Report (Private Sector) Form and Instruction	New
Form 201808 - 04 CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments) Form and Instruction	New
Form 201808 - 03 CDFI Annual Financial Statement Audit Report (Private Sector) Form and Instruction	New
Form 201808 - 02 CDFI Annual Performance Progress Report (State, Local, Tribal Governments) Form and Instruction	New
Form 201808 - 01 CDFI Annual Performance Progress Report (Private Sector) Form and Instruction	New
CDFI Fund Annual Compliance Reports Supporting Statement Amended.docx Supporting Statement A	2020-04-17

IC Document Collections

IC ID	Document Title	Status
232644	CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments) Form and Instruction	New
232643	CDFI Annual Single Audit Report (Private Sector) Form and Instruction	New
232642	CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments) Form and Instruction	New
232641	CDFI Annual Financial Statement Audit Report (Private Sector) Form and Instruction	New
232640	CDFI Annual Performance Progress Report (State, Local, Tribal Governments) Form and Instruction	New
232552	CDFI Annual Performance Progress Report (Private Sector) Form and Instruction	New

ICR Details

OMB Control No: 1559-0050	ICR Reference No: 201808-1559-001
Status: Active	Previous ICR Reference No:
Agency/Subagency: TREAS/CDFIF	Agency Tracking No:
Title: Annual Compliance Reports
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 04/20/2020
	Date Received in OIRA: 08/27/2018
Terms of Clearance: The CDFI fund invested in software functionality to ease burdens to respondents and reflected these changes in the supporting statement.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2023	36 Months From Approved
Responses	1,715	0	0
Time Burden (Hours)	858	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: This collection captures quantitative information from Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) recipients. This information is used to assess: (1) The recipient's activities as detailed in their application materials; (2) the recipient's approved use of the assistance; (3) the recipient's financial condition; and (4) overall compliance with the terms and conditions of the assistance agreement entered into by the CDFI Fund and the recipient.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 19402	05/02/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 43736	08/27/2018
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 6

IC Title	Form No.	Form Name
CDFI Annual Performance Progress Report (Private Sector)	201808 - 01	CDFI Annual Performance Progress Report (Private Sector)
CDFI Annual Performance Progress Report (State, Local, Tribal Governments)	201808 - 02	CDFI Annual Performance Progress Report (State, Local, Tribal Governments)
CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments)	201808 - 04	CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments)
CDFI Annual Single Audit Report (Private Sector)	201808 - 05	CDFI Annual Single Audit Report (Private Sector)
CDFI Annual Financial Statement Audit Report (Private Sector)	201808 - 03	CDFI Annual Financial Statement Audit Report (Private Sector)
CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments)	201808 - 06	CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments)

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	1,715	0	0	1,715	0	0
Annual Time Burden (Hours)	858	0	0	858	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: There is an increase in burden as this is a new Information Collection Request. This Information Collection Request consists of three Information Collections the CDFI Annual: Performance Progress Report (PPR), Financial Statement Audit Report (if applicable), and Single Audit Report (if applicable). This Information Collections enable the CDFI Fund to collect qualitative and quantitative information on Recipient compliance with their performance goals, their financial health, and the timeline in which the CDFI Fund’s financial and technical assistance was used.

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Annual Cost to Federal Government: $196,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 08/27/2018

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