ARRA/Transparency

In the face of an economic crisis, the magnitude of which we have not seen since the Great Depression, the 2009 American Recovery and Reinvestment Act (ARRA) represents a strategic — and significant — investment in our country’s future. ARRA provides an unprecedented level of funding to stimulate the U.S. economy and save or create millions of jobs over the next two years. The Act’s stringent transparency and reporting implications are game-changers for how Federal grant funds are managed.

The volume of Federal funds associated with ARRA, the speed at which grants are to be awarded, and the mandated accountability for outcomes require all recipients to rapidly change the way they are managing and reporting grant funds. To help the public sector meet these challenges, STR offers as part of its eGrantsPlus platform the capture of key data elements to support transparency reporting.

STR continues to monitor the evolving ARRA reporting guidance and mandates from OMB to test its overarching solution model and underlying concepts to ensure validity.

Links:

http://www.recovery.gov
http://www.federalreporting.gov
http://www.whitehouse.gov/omb/