[Federal Register Volume 76, Number 111 (Thursday, June 9, 2011)]
[Notices]
[Page 33767]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-14305]
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DEPARTMENT OF HEALTH AND HUMAN SERVICES
Administration for Children and Families
Submission for OMB Review; Comment Request
Title: AFI Financial Education Practices and Cost Study.
OMB No.: New.
Description
The Office of Community Services (OCS) within the Administration
for Children and Families is conducting a descriptive study of
Financial Education Practices among Assets for Independence (AFI)
grantees to increase its knowledge about current practices in financial
education for AFI participants and the costs involved to provide the
financial education.
The Assets for Independence program is a national demonstration
through which OCS awards grants to community-based nonprofit
organizations, and State, local, and Tribal government agencies
nationwide. The AFI program is authorized in Section 402 of the
Community Opportunities, Accountability, and Training and Educational
Services Act of 1998 (Title IV of Public Law 105-285). Grantees
implement five year projects that empower low-income families and
individuals to save earned income and purchase an economic asset as a
means for becoming economically self-sufficient. Grantees provide
eligible low-income individuals and families access to matched savings
accounts, known as individual development accounts (IDAs). In addition,
grantees provide asset-building services to program participants, such
as financial literacy education, and specialized asset-specific
training regarding asset purchase and ownership.
This data collection effort will provide OCS with a better
understanding of the future needs of AFI grantees in financial
education and help OCS to build strategies to strengthen the quality of
the financial education provided to AFI participants. The data
collection will be collected once through two instruments: The Survey
of Financial Education Practices of AFI Grantees and the AFI Financial
Education Cost Data Form.
The Survey of Financial Education Practices of AFI Grantees will be
a Web-based survey consisting mainly of multiple choice questions. All
current AFI grantees (approximately 300 grantees) will be asked to
complete the survey. The AFI Financial Education Cost Data Form is a
supplement to the grantee practices survey. A smaller sample of
grantees (approximately 35 grantees) representing a variety of
organizational types will be randomly selected to complete this
supplemental survey on the costs of providing financial education. The
Cost Data Form will be sent to grantees to complete and technical
assistance will be provided to grantees to help them complete the form.
Specific areas to be covered in this study include: topics covered
by financial education; formats used in delivering financial education;
assessment tools that are used to determine participant needs and
effectiveness of training efforts; challenges encountered in providing
financial education; training materials used; costs and sources of
funding for training; strategies for tracking participant progress in
developing financial skills; and participant outcomes related to
financial education.
Respondents
All active AFI grantee agencies, their partners or sub-grantees, an
estimated 300 agencies will respond to IC1, a Survey of Financial
Education Practices.
IC2, the Financial Education cost form, will be administered to
financial personnel of all active AFI grantees who have completed at
least three years of their five-year project period, an estimated 30
agencies.
IC3, the Financial Education cost form, will be administered to
financial personnel of all active AFI sub grantees who have completed
at least three years of their five-year project period, an estimated 42
agencies.
Annual Burden Estimates
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Number of Average burden
Instrument Number of responses per hours per Total burden
respondents respondent response hours
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AFI grantee agencies, their partner or sub- 300 1 1 300
grantees.......................................
AFI grantee agencies' financial personnel....... 30 1 2 60
AFI sub grantees financial personnel............ 42 1 2 84
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Estimated Total Annual Burden Hours: 444.
Additional Information
Copies of the proposed collection may be obtained by writing to the
Administration for Children and Families, Office of Administration,
Office of Information Services, 370 L'Enfant Promenade, SW.,
Washington, DC 20447, Attn: ACF Reports Clearance Officer. All requests
should be identified by the title of the information collection. E-mail
address: [email protected].
OMB Comment
OMB is required to make a decision concerning the collection of
information between 30 and 60 days after publication of this document
in the Federal Register. Therefore, a comment is best assured of having
its full effect if OMB receives it within 30 days of publication.
Written comments and recommendations for the proposed information
collection should be sent directly to the following:
Office of Management and Budget,
Paperwork Reduction Project,
Fax: 202-395-7285,
E-mail: [email protected],
Attn: Desk Officer for the Administration for Children and Families.
Robert Sargis,
Reports Clearance Officer.
[FR Doc. 2011-14305 Filed 6-8-11; 8:45 am]
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