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Is there anything new or different about reporting requirements for recipients of ARRA funds?

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Is there anything new or different about reporting requirements for recipients of ARRA funds?

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Yes, all organizations receiving ARRA dollars will be required to complete extensive quarterly or monthly reporting requirements as determined by the Federal Office of Management & Budget. The reporting requirements have not yet been fully defined. Quarterly reports will contain specific data about the jobs preserved. Grantees are strongly advised to maintain financial records, supporting documents (such as cancelled checks, contracts and personnel activity reports) and all other records pertinent to this grant award. The Obama Administration has assured the American people that all ARRA funds will be administered with a new and higher level of bureaucratic transparency. The arts funding component will be held to the same transparency standards as other ARRA funds and the reporting, once defined, will follow the reporting guidelines for other stimulus grants. Comprehensive information about ARRA can be found at http://www.recovery.gov/. All arts stimulus funders will determine their ow

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