[Federal Register Volume 83, Number 85 (Wednesday, May 2, 2018)]
[Notices]
[Page 19402]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-09273]
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DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund
Notice of Information Collection and Request for Public Comment
ACTION: Notice and request for public comment.
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SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995. Currently, the Community
Development Financial Institutions Fund (CDFI Fund), U.S. Department of
the Treasury, is soliciting comments concerning the Community
Development Financial Institution CDFI Program (CDFI Program) and
Native American CDFI Assistance Program (NACA Program) Annual
Compliance Reports. These include the Performance Progress Report,
Financial Statement Audit Report (if applicable), and A-133 Audit
Report (if applicable), which will be submitted through the Awards
Management Information System (AMIS).
DATES: Written comments must be received on or before July 2, 2018 to
be assured of consideration.
ADDRESSES: Submit your comments via email to Tanya McInnis, Acting
Program Manager for the Office of Certification, Compliance Monitoring
and Evaluation, CDFI Fund, at [email protected].
FOR FURTHER INFORMATION CONTACT: Tanya McInnis, Acting Program Manager
for the Office of Certification, Compliance Monitoring and Evaluation,
Community Development Financial Institutions Fund, U.S. Department of
the Treasury, 1500 Pennsylvania Ave. NW, Washington DC 20220 or by
phone at (202) 653-0300. Other information regarding the CDFI Fund and
its programs may be obtained through the CDFI Fund's website at http://www.cdfifund.gov.
SUPPLEMENTARY INFORMATION:
Title: CDFI Program Annual Compliance Reports.
OMB Number: 1559-NEW.
Type of Review: Regular Review.
Abstract: This collection captures quantitative information from
CDFI Program and NACA Program recipients. This information is used to
assess: (1) The recipient's activities as detailed in its application
materials; (2) the recipient's approved use of the assistance; (3) the
recipient's financial condition; and (4) overall compliance with the
terms and conditions of the assistance agreement entered into by the
CDFI Fund and the recipient.
A CDFI Program or NACA Program recipient must submit Annual
Compliance Reports. The specific components that comprise a recipient's
Annual Compliance Reports are set forth in the assistance agreement
that the recipient enters into with the CDFI Fund in order to receive a
CDFI Program or a NACA Program award. The three reports being published
for public comment are the: (i) Performance Progress Report (PPR); (ii)
Financial Statement Audit Report (if applicable); and (iii) A-133 Audit
Report (if applicable). These reporting requirements can be found in
the assistance agreement templates located on the CDFI Fund website at
www.cdfifund.gov. The CDFI Fund seeks to consolidate data reporting and
anticipates that the burden estimates will decrease with the build out
of AMIS.
Affected Public: Businesses or other for-profit institutions, non-
profit entities, and State, local and Tribal entities participating in
CDFI Fund programs.
Estimated Number of Respondents:
CDFI Annual PPR: 855.
CDFI Annual Financial Statement Audit Report (if applicable): 428.
CDFI Annual A-133 Audit Report (if applicable): 428.
Estimated Annual Time Per Respondent:
CDFI Annual PPR: 30.
CDFI Annual Financial Statement Audit Report (if applicable): 30.
CDFI Annual A-133 Audit Report (if applicable): 30.
Estimated Total Annual Burden Hours: 51,330.
CDFI Annual PPR: 25,650.
CDFI Annual Financial Statement Audit Report: 12,840.
CDFI Annual A-133 Audit Report: 12,840.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record. Comments are invited on
all aspects of the information collections, but commentators may wish
to focus particular attention on: (a) The cost for CDFIs to operate and
maintain the services/systems required to provide the required
information; (b) ways to enhance the quality, utility, and clarity of
the information to be collected; (c) whether the collection of
information is necessary for the proper evaluation of the effectiveness
and impact of the CDFI Fund's programs, including whether the
information has practical utility; (d) the accuracy of the CDFI Fund's
estimate of the burden of the collection of information, and; (e) ways
to minimize the burden of the collection of information including
through the use of technology.
Authority: 12 U.S.C. 4707 et seq.; 26 U.S.C. 45D; 12 CFR part
1805.
Mary Ann Donovan,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2018-09273 Filed 5-1-18; 8:45 am]
BILLING CODE 4810-70-P