Annual Compliance Reports
Performance Progress Report (PPR) and
Financial Audit Statement Data Points
OMB Control #1559-0050
NOTE: All capitalized terms used herein but not defined have such definitions as specified in the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. § 4701 et seq.), the Community Development Financial Institutions Program Regulations (12 C.F.R. 1805), Notice of Fund Availability, or Assistance Agreement, as applicable.
Recipients submit the Performance Progress Report (PPR) in the Awards Management Information System (AMIS) Database once a year, three (3) months after their fiscal year end. Recipients respond to the questions below by providing numerical figures, “yes” or “no” answers, or narrative responses, as appropriate. This report is used to determine Recipient compliance with the applicable Performance Goals in their Assistance Agreement.
Prior to submitting the PPR, the Recipient will be required to select checkboxes to certify, on behalf of the organization, the following:
The person entering the data and making these certifications is an Authorized Representative.
Any information or data provided to the CDFI Fund that is input in AMIS (or other submission method) is true, accurate, and complete, and accurately represents the activities and/or performance of the Recipient.
The Recipient is compliant with all applicable assurances, certifications, representations and warranties, covenants, and agreements set forth in the Assistance Agreement or, alternatively, has notified the CDFI Fund of the Recipient’s inability to be compliant with such provisions of the Assistance Agreement through the submission of a Material Event notification.
Paperwork Burden Statement
According to the Paperwork Reduction Act, as amended, no persons are required to respond to a collection of information unless it displays a valid Office of Management and Budget (OMB) Approval Number. This form's Approval Number is 1559-0050. Public reporting burden for this collection of information is estimated to average 0.75 hours per response, including time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. Send comments regarding the burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden, to the Community Development Financial Institutions Fund, 1500 Pennsylvania Ave, NW, Washington, DC 20220.
Performance Goal |
Applicable Award |
Data Points |
1-1: Increase volume of Financial Services |
CDFI/NACA Program FA awards |
|
1-2: Increase volume of Financial Products |
CDFI/NACA Program FA awards |
|
1-3: New geographic area(s) (GA) |
CDFI/NACA Program FA awards |
|
1-4: New financial product(s) |
CDFI/NACA Program FA awards |
|
1-5:
New financial service(s) |
CDFI/NACA Program FA awards |
|
1-6: New development service(s) |
CDFI/NACA Program FA awards |
|
1-7: Serve new Targeted Population(s) |
CDFI/NACA Program FA awards |
|
1-8: Investment in Native American Communities |
CDFI/NACA Program FA awards |
|
2-1 Persistent Poverty Counties (PPC) |
CDFI/NACA Program FA awards |
|
3-1: Deployment of resources (HFFI-FA) |
CDFI/NACA Program FA awards |
|
4-1: Serving individuals with disabilities |
CDFI/NACA Program FA awards |
|
5-1: Uses of Assistance |
CDFI/NACA Program FA awards |
|
1-1: Build capacity through Technical Assistance (certified) |
CDFI/NACA Program TA awards |
|
1-2: Build capacity through Technical Assistance (sponsoring entities) |
CDFI/NACA Program TA awards |
|
1-3: Build capacity through Technical Assistance (uncertified) |
CDFI/NACA Program TA awards |
|
2-1: CDFI creation |
CDFI/NACA Program TA awards |
|
3-1:
CDFI certification (uncertified) |
CDFI/NACA Program TA awards |
|
3-2: CDFI certification (sponsoring entities) |
CDFI/NACA Program TA awards |
|
1-1: Close Financial Products in Eligible Market and/or Approved Target Market |
CDFI RRP awards |
|
1-2: Close Financial Products in a Native Community |
CDFI RRP awards |
|
2-1: Deployment of the CDFI RRP Assistance |
CDFI RRP awards |
|
1-1: Build capacity through Technical Assistance to create a new Small Dollar Loan program |
SDL Program awards |
|
1-2: Build capacity through Technical Assistance for an existing Small Dollar Loan program |
SDL Program awards |
|
2-1: Increase Volume of Small Dollar Loans |
SDL Program awards |
|
Explanation of noncompliance questions Recipient must respond to if it misses the benchmark for a Performance Goal. Recipient must provide a narrative (as applicable).
Why did you fail to meet this Performance Goal? [Narrative]
What actions will you take to meet this Performance Goal? [Narrative]
What is the current status for this Performance Goal? [Narrative]
Will you meet this Performance Goal your next fiscal year? [Yes/No]
Why will you not meet this Performance Goal by your next Fiscal Year? [Narrative]
Financial Statement Audit Report Data Points (if applicable)
Recipients submit Financial Statement Audit reports in AMIS once a year, six months after its fiscal year end. Recipients respond to the questions below with “Yes”, “No”, or “N/A”, or provide narrative responses as needed, as well as attach a copy of their Financial Statement Audit Report, if available.
Did you upload the Financial Statement (FS) audit? [Yes/No]
Did the FS audit report the type of finding? [Unqualified or Unmodified, Qualified or Modified, Adverse, No Report, Report Not Required]
Does the FS audit include a Single Audit? [Yes/No/N/A]
Will you submit a Single Audit this fiscal year end? [Yes/No/N/A]
If yes to the question above, have you submitted the Single Audit to the Federal Audit Clearinghouse? [Yes/No/N/A]
Does you anticipate having material weaknesses? [Yes/No/N/A]
Are the material weaknesses resolved by fiscal year end? [Yes/No/N/A]
If FS audit not submitted, why not? [Narrative]
Describe why FS audit not completed. [Narrative]
Date to be completed and submitted. [Narrative]
If "Other" please describe. [Narrative]
Upload auditor correction confirmation? [Yes/No/N/A]
Explanation of noncompliance questions. Recipients must respond to these questions if they have a qualified/modified opinion:
What caused the audit opinion? [Narrative]
What actions will you take to address the audit opinion? [Narrative]
What is the current status of corrective action? [Narrative]
Was the audit opinion corrected by your fiscal year end? [Yes/No]
If not corrected, explain why? [Narrative]
Single Audit Report Explanation of Noncompliance Data Points (if applicable)
Explanation of noncompliance questions. Recipients must respond to these questions if they have a material weakness:
What caused the material weakness? [Narrative]
What actions were taken to address the material weakness? [Narrative]
What is the current status of the material weakness? [Narrative]
Was the material weakness corrected by your fiscal year end? [Yes/No]
If not corrected, explain why? [Narrative]
File Type | application/vnd.openxmlformats-officedocument.wordprocessingml.document |
Author | Ware, Bridget |
File Modified | 0000-00-00 |
File Created | 2024-07-28 |