IV.1.b: Standards for Financial Fransparency

Develop guiding standards for financial transparency that can be applied across programs.

Other Information:

ED has provided significant transparency into the flow of ARRA education grants to States through weekly agency reporting and quarterly recipient reporting. To further deliver transparency into state use of ED funding, this level of reporting will be applied to non-ARRA programs on an on-going basis. Over the coming year, ED will develop user-friendly approaches, similar to the current ARRA weekly spending reports aggregated by state and by program, to presenting the State and Program level funding already available on USASpending.gov at a granular level similar. In addition, the implementation of FFATA sub-award reporting will provide ED with a new and more detailed source of transparency into the flow of funds. When this information becomes available, ED will work to aggregate this information in a format meaningful to ED stakeholders, similar to the current quarterly ARRA Section 1512 reports posted on ED.gov. Our timeline is as follows. o Oct – Dec 2010 Program spending report systems developed and tested o Oct – June 2011 FFATA sub-award reporting procedures developed and implemented o July 2011 - Dec 2011 FFATA sub-award reports developed and tested

Indicator(s):

Indicator:1

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