In February 2009, Congress passed and President Obama signed the American Recovery and Reinvestment Act of 2009 (ARRA), commonly referred to as the ‘Recovery Act’ and widely recognized as the ‘Stimulus bill’. This legislation is a critical component of the government’s effort to rebuild the American economy and invest in the nation’s critical infrastructure. Included in the funding act are increased requirements on the transparency and accountability of how these funds are being spent.
ARRA Reporting occurs on a quarterly basis, within 21 days of the end of each quarter. The award recipient must consolidate information related to the award and transmit this information to the Office of Management and Budget (OMB). CGI Advantage can be used to capture and send this information to the OMB office. OMB will then consolidate all of the data from all recipients and present this information as the national results of the Recovery Act.
When collecting award information for ARRA Reporting, the following sequential events occur:
Note: Steps 3 through 7 can also be accomplished through the ARRA Information (ARRAD) transaction, which allows you to route the information through workflow for approvals before updating the ARRA tables.