EDGAR Changes to Recordkeeping and Reporting Requirements2

The Office of Management and Budget (OMB) is inviting comments on a submission for OMB review as required by the Paperwork Reduction Act of 1995. The OMB Control Number 1890–0004 collection currently includes three distinct information collection instruments: (1) the ED 524 Budget Form, (2) the ED 524B Grant Performance Report, and (3) the administrative requirements in the Education Department General Administrative Regulations (EDGAR). As part of the renewal of these instruments, the OMB is requesting that each of these instruments be approved under separate OMB control numbers. OMB is separating these instruments into three information collections to make it easier to make additional deletions, revisions or other needed changes to each instrument throughout the approval period and eliminate any potential confusion when changes are made to only one of the instruments.

Therefore, OMB is requesting a new OMB control number for the ED 524 Budget Form and a three-year approval for the collection. OMB is also requesting a new OMB control number for the EDGAR Recordkeeping and Reporting Requirements and a three-year approval for the collection. The ED 524 form and instructions are included in the U.S. Department of Education discretionary grant application packages and are needed in order for applicants to submit summary level budget data by budget category, as well as a detailed budget narrative, to request and justify their proposed grant budgets which are part of their grant applications. Note that the ED 524B, Grant Performance Report will retain the 1890–0004 number.

Parties interested in submitting comments must do so on or before October 19, 2007. Written comments should be addressed to:

Office of Information and Regulatory Affairs
Attention: Education Desk Officer
Office of Management and Budget
725 17th Street, NW.
Room 10222
Washington, DC 20503

Commenters are encouraged to submit responses electronically by e-mail to oira_submission@omb.eop.gov or via fax to (202) 395–6974. Commenters should include the following subject line in their response ‘‘Comment: OMB Control Number 1890–0004” and the collection name commented on (e.g. “EDGAR Recordkeeping and Reporting Requirements” or “ED 524 Budget Form”). Parties submitting comments electronically should not submit paper copies.

Author: CWP