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Crowe Horwath offers new American Recovery and Reinvestment Act reporting solution
Web-based program aids state and local agencies in tracking stimulus spending OAK BROOK, Ill. (October 13, 2009) – State and local agencies receiving federal funding from the economic stimulus package face unprecedented reporting requirements. To help agencies comply with these new regimens, Crowe Horwath LLP, one of the largest public accounting and consulting firms in the U.S., now offers a system that streamlines the data collection necessary. According to the U.S. Treasury, an estimated $300 billion in federal spending is part of the American Recovery and Reinvestment Act of 2009 (ARRA). “The Recovery Act requires reporting within ten days after the end of the quarter from direct recipients of federal ARRA funds and their sub-recipients,” said Mindy Herman, a partner in Crowe’s performance group. “State agencies using our system have already discovered how having visibility to the status and detail of the information they requested from sub-recipients allows them to collect, review and report within the reporting deadlines.” Crowe’s Award Monitoring and Reporting (AMR) is a Web-based system that serves as a centralized database where prime recipients can collect the information they need for compliance with grant requirements. It features questions to collect the required ARRA data and allows customized questions tailored to fit the specific program data collection needs. Designated individuals from the entities receiving federal stimulus funds can request that their sub-recipients complete performance reports. The sub-recipient receives an email link to a simple interface that’s similar to filling out an online survey. Through AMR, direct recipients of federal funding can view the progress of the data collection efforts, send email reminders, review summarized response data, keep track of changes and generate reports in required formats. “The emphasis on transparency and accountability presents an opportunity to establish a reporting framework that can provide comprehensive information for public programs and help boost efficiencies,” said Herman. “We’ve leveraged our industry best practices to assist prime recipients with the data collection and reporting process.” For more information on Crowe’s AMR, please visit www.crowehorwath.com/amr. About Crowe Horwath # # #
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