The new site is designed with the goal of simplifying the reporting process, according to the Office of Management and Budget. "FederalReporting.gov will reduce [the] information reporting burden on recipients by simplifying reporting instructions and providing a user-friendly mechanism for submitting required data," OMB director Peter Orszag wrote in a June memo to federal agencies.
Any individual or organization receiving $25,000 or more of the $787 billion stimulus package must register and report their spending thus far on FederalReporting.gov by October 10, though the site won't begin accepting reports until October 1. After the first report, recipients must update their data quarterly.
Reports sent to FederalReporting.gov, which use standardized XML and Microsoft Excel templates, will include numerous data points about spending, down to the subcontractor level, including a detailed description of the award, the amount of money spent and received, the project scope and timetable, and the number and descriptions of jobs the project created thus far.
Federal agencies dispersing stimulus funds will use the site to review submissions and suggest fixes to errors and omissions within a short window of time after the reporting deadline. One confusing, incomplete submission to Recovery.gov last month showed the government spending $1.2 million on "2 pounds ham sliced."
The Recovery Accountability and Transparency Board, the federal agency set up to coordinate oversight of stimulus spending, anticipates between 150,000 and 200,000 stimulus recipients will file reports by October 10 and is urging recipients to register early to avoid missing the deadline in case of any problems.
InformationWeek has published an in-depth report on leading-edge government IT -- and how the technology involved may end up inside your business. Download the report here (registration required).
Top IT Trends to Watch in Financial ServicesIT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Join us for a roundup of the top stories on InformationWeek.com for the week of October 9, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."