1. 1 Transparency Act Highlights and Timeframes for Implementation of the Act June 10 th, 2008

2. 2 Background President signed the Federal Financial Accountability and Transparency Act (Transparency Act) on September 26, 2006. The law mandated the creation of a searchable website for the public to search funding by data elements. Public must be able to: Ascertain amount of Federal funding awarded to an entity Download results of search

3. 3 Timeline January 1, 2008: Single searchable website for awards January 1, 2009: Include subcontractor and subgrantee award Waiver for entities that prove they have annual gross revenues from previous tax year <$300,000 January 1, 2010: Comptroller General Report to Congress on compliance Annually: Report to Congress on implementation progress

4. 4 Awards Website Overview Managed by a special Task Force USAspending.gov went live December 13, 2007 USAspending.gov Components: Name of Entity Receiving Award Award Amount Transaction type Funding agency North American Industry Classification Code of Catalog of Federal Domestic Assistance number Program source Descriptive award title Entity physical address Unique identifier of entity and parent entity Other relevant information Other guidelines: Data must be available within 30 days of award

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7. 7 Current Data Submission 26 Agencies have submitted data Data Quality metrics: Timeliness of data provided by each agency Data Completeness Available soon: Accuracy of Agency Data Timeliness of data provided by agencies

8. 8 Current Status Grants data is submitted in FAADS Plus Format FY07 data was submitted by November 30, 2007 Website data was updated April 29, 2008 Grants Subaward requirements were published in the Federal Register on June 6, 2008 for public comment Subaward pilot occurring June 23 rd - August 23 rd

9. 9 Next Steps Taking action to improve the quality of the data on USAspending.gov: Making immediate changes to the website to clearly communicate data quality issues, including more transparent reporting of agency progress and better explanation of procedures. Developing an agency data submission portal, where agencies can track the status of their submissions and enter key metadata that will be used for quality assurance (i.e. batch totals). Developing quality assurance procedures for agencies submitting data to USAspending.gov.

10. 10 USAspending.gov US Citizen FFATA Warehouse Agency Data Web / App Server Agency DB FPDS GSA (FAADS+, Procurement +) FAADS Contracts Grants Phase 1 Transparency Act Data Flow

11. 11 US Citizen FFATA Warehouse Agency Data Web / App Server Agency DB FPDS FAADS ContractsGrants USAspending.gov GSA (FAADS+) Grants Phase 2 Transparency Act Data Flow

12. 12 US Citizen FFATA Warehouse Agency Data Web / App Server Agency DB Batch / Synch Scripts FPDS XML Schema Web Services Federated Search Aggregator Transparency Act Data Flow FAADS USAspending.gov Phase 3

13. 13 Action Checklist for Recipients of Federal Funds Ensure that you are making all preparations necessary for reporting accurate information pertaining to your organization’s subawards. Be prepared to meet timely reporting requirements for each obligation of funds under a subaward: Federal agencies will expect requisite data Will be a condition of your award Be prepared for heightened public scrutiny of your Federal government grants, cooperative agreements, other types of Federal financial assistance and contracts. Get involved! Participate in a subaward pilot, view the Transparency Act webcast on demand, or at the very least submit a comment today on http://www.USAspending.gov.http://www.USAspending.gov

14. 14 Learn More About the Task Force Visit the USASpending.gov Community Requirements Wiki: Located under “Provide Feedback” at www.USAspending.gov www.USAspending.gov Recent webcasts with the Task Force and joint Transparency Act-Grants Policy Committee: http://grants.gov/aboutgrants/grants_news.jsp http://grants.gov/aboutgrants/grants_news.jsp Webcast Feedback: GPCWebcast@nsf.govGPCWebcast@nsf.gov