Uncle Sam – OK, OMB – Wants to Hear From You on SF-425

August 1, 2011 | By Adrianne Fielding | Post a Comment

Last Thursday, the Office of Management and Budget published a Federal Register notice soliciting comments on the renewal of the Federal Financial Report form, which is also known as SF-425. In a related email to stakeholder groups, Marguerite Pridgen from the OMB emphasized the agency’s interest in feedback from the public on three topics:

(1) how the SF–425 and SF–425A are an improvement over the data collection forms they replaced (i.e., SF-269, SF-269A, SF-272 and SF-272A);

(2) how using a specification for a data exchange or other data model instead of structured forms could facilitate the submission and collection of the financial data identified in the SF-425 and SF-425A; and

(3) any proposals, use cases, specifications or models for eliminating redundancies in reporting grant financial information and increasing its usefulness regardless of how the financial information is reported (e.g., form, data input, system-to-system).

We’d also be curious to hear what you think about the shift to SF-425. Love it, hate it, no better than the old forms? What else do you think OMB should do to improve the financial reporting process? (As an aside, OMB’s circulars A-102 and A-110 still refer to the older financial forms and will need to be updated to reflect the shift to using SF-425.)

In other federal grants news from last week, the administration recently selected the members of its Government Accountability and Transparency Board, part of its latest effort to target waste, fraud and abuse.

The GATB will be led by the esteemed Earl Devaney, who has headed up its predecessor, the Recovery Accountability and Transparency Board.  Devaney’s leadership of the RATB, which established Recovery.gov as the means for tracking stimulus spending, has received rave reviews from lawmakers on both sides of the aisle – which is no small feat these days.

Designed to “enhance transparency in federal spending and root out and stop waste, fraud and abuse in federal programs,” the GATB is charged with developing recommendations to improve the quality and availability of spending data.

A list of the other individuals selected for the GATB by the White House appears in a post by Joe Davidson in the Federal Times section of the Washington Post’s website.

(Photo credit: DonkeyHotey on flickr)

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