American Recovery and Reinvestment Act (ARRA). What is Different About ARRA Funds? Unprecedented...
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Transcript of American Recovery and Reinvestment Act (ARRA). What is Different About ARRA Funds? Unprecedented...
![Page 1: American Recovery and Reinvestment Act (ARRA). What is Different About ARRA Funds? Unprecedented levels of transparency, oversight and accountability.](https://reader036.fdocuments.in/reader036/viewer/2022062516/56649d3f5503460f94a188cc/html5/thumbnails/1.jpg)
American Recovery and Reinvestment Act (ARRA)
![Page 2: American Recovery and Reinvestment Act (ARRA). What is Different About ARRA Funds? Unprecedented levels of transparency, oversight and accountability.](https://reader036.fdocuments.in/reader036/viewer/2022062516/56649d3f5503460f94a188cc/html5/thumbnails/2.jpg)
American Recovery and Reinvestment Act (ARRA)
What is Different About ARRA Funds? Unprecedented levels of transparency, oversight and accountability
Aggressive expenditure requirements (ARRA funds must be
used consistently)
No co-mingling of ARRA funds and non-ARRA funds
Quarterly progress reporting of ARRA fund expenditures, job creation and retention statistics
Considerable ARRA reporting requirements Clarkson
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American Recovery and Reinvestment Act (ARRA)
Principal Investigator’s Responsibilities
• ARRA Compliance Expectations: Funds should be spent in a timely fashion and reported
quarterly Cannot co-mingle existing funds with ARRA funds Compliance with sponsor and Clarkson policies and
procedures Cost transfers between ARRA and non-ARRA funds will be
monitored closely to ensure compliance with ARRA regulations Reconcile P-cards timely
• ARRA reporting requirements are in addition to current sponsor reporting requirements
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American Recovery and Reinvestment Act (ARRA)
Principal Investigator’s Responsibilities (cont’d)
• The PI must report on two data elements each quarter to the DoR: The percentage of project completion Description of quarterly activities / milestones
Grants: description of the overall purpose and expected outcomes for the award and for first-tier sub-awards Contracts: description of significant services performed and/or supplies delivered
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American Recovery and Reinvestment Act (ARRA)
Progress Reports (cont’d)• Progress reports should be short, concise and for the current reporting quarter
• Progress reports will be made available on Recovery.gov for the general public to view
– Remember to use generic language whenever possible
– Narrative is limited to 2000 characters including spaces and punctuation
– Focus on your short term progress and what has been accomplished in the current reporting period
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American Recovery and Reinvestment Act (ARRA)
Progress Reports (con
–If there is a possibility that the research could result in a protectable Intellectual Property (IP), be careful to ensure that the progress report does not contain any information that could constitute “public disclosure”
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American Recovery and Reinvestment Act (ARRA)
Reporting Deadlines• Each quarter, the PI must submit all data
elements for each of their respective project/programs.
Next PI Reporting Deadline: December 18th, 2009
• DoR will assist in data collection & the Comptroller’s Office submit information to FederalReporting.gov
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American Recovery and Reinvestment Act (ARRA)
![Page 9: American Recovery and Reinvestment Act (ARRA). What is Different About ARRA Funds? Unprecedented levels of transparency, oversight and accountability.](https://reader036.fdocuments.in/reader036/viewer/2022062516/56649d3f5503460f94a188cc/html5/thumbnails/9.jpg)
Contact Information
Kimberly KlattResearch Compliance Officer
[email protected] ext. 4441
Donna MartellAssociate Comptroller
[email protected] ext. 7258
Kelly RathbunResearch Accountant
[email protected] ext. 6462