Federal Agency ARRA Requirements
NASACT Webinar: ARRA Reporting Round Two – What Worked, What Didn’t, and What’s Next
NASACT , in conjunction with the Association of Government Accountants and the Association of Local Government Auditors , will be hosting a webinar on Thursday, December 3, 2009 from 2:00pm to 3:50pm EST, to address the key issues and lessons learned from the first round of reporting required by the American Recovery and Reinvestment Act . The webinar will address the many challenges and responsibilities government accountability professionals face moving forward. Speakers will include the following:
OMB A-133 Compliance Supplement for 2009 Provides Additional ARRA Guidance
On May 26, 2009, the White House Office of Management and Budget (OMB) released the 2009 OMB Circular A-133 Compliance Supplement (the Supplement) effective for audits of fiscal years beginning after June 30, 2008, superseding the 2008 OMB Circular A-133 Compliance Supplement . The new annual Supplement contains information updated to reflect new programs, deleted programs and modified program requirements. Some of the highlights of the regular supplement include:
As Stimulus Deadline Passes, Progress Reports from Federal Agencies Come Due
90 Days have passed since President Obama signed the American Recovery and Reinvestment Act of 2009 (ARRA) into law, and federal agencies are required to report their progress to Congress. Michael Grabell at ProPublica has compiled a quick reference chart to see how federal agencies are measuring up under ARRA. Click here for the chart.
Web Sites Offer ARRA Implementation Resources to Local Governments
There are several ways that local governments can identify stimulus opportunities under the American Recovery and Reinvestment Act of 2009 (ARRA) : To best understand each state’s approach to allocating recovery funds, localities should actively communicate with the governor’s office and work with state agencies to address jurisdictional concerns. Click here to find your state’s recovery Web site . Or if you’re in the Southeast, click on your state below: Alabama , Florida , Georgia , North Carolina , South Carolina , Virginia Contact your state municipal league as they can assist you in addressing your jurisdictional concerns with the governor’s office and your state legislature. Click here to find your state league . Or if you’re in the Southeast, click on your state below: Alabama , Florida , Georgia , North Carolina , South Carolina , Virginia In compliance. Read More.
OMB Issues Initial Recovery Act Guidance
Last week, the Office of Management and Budget (OMB) issued a Memorandum for the Heads of Departments and Agencies with initial implementing guidance for to the recently enacted American Recovery and Reinvestment Act (“ARRA” or “Recovery Act”) of 2009. Agencies are really under the gun to get this money out while meeting some very stringent requirements for accountability, and they are being given very little leeway in not complying with existing requirements and have a body of reporting requirements to meet under this guidance. Some of the key points of this Memorandum are as follows: All standing contracting requirements are. Read More.