national science foundation a new approach to award payments
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National Science Foundation A New Approach to Award Payments. NCURA Region II Spring Meeting April 24, 2012. Ilene Caruso, Denise Robinson & Alisha Williams Grantee Cash Management Section Division of Financial Management National Science Foundation. Learning Objectives. - PowerPoint PPT PresentationTRANSCRIPT
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National Science FoundationA New Approach to Award
PaymentsNCURA Region II Spring Meeting
April 24, 2012
Ilene Caruso, Denise Robinson & Alisha WilliamsGrantee Cash Management SectionDivision of Financial Management
National Science Foundation
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Learning Objectives
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We are here to help.
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Where you fit…
Institutions Total Grant Dollars0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
90%
23%
10%
77%
Distribution of Grant Dollars
1-50 51+
Number of Grants Institution Count Percent
1 680 37.44%
2-3 430 23.68%
4-5 157 8.65%
6-15 229 12.61%
16-30 92 5.07%
31-50 52 2.86%
51-100 53 2.92%
101-200 44 2.42%
201-300 26 1.43%
301-500 29 1.60%
501+ 24 1.32%
Grand Total 1816 100.00%
*as of 01/2011
Institution Grant Distribution
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Research.gov
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Portal to NSF Financial Functions
Select NSF User from the dropdown menu
then click ------
Research.gov uses the same credentials
as FastLane
Enter your Last Name, NSF User ID, and Password
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Accessing NSF Financial Functions
Financial Functions such as Cash Request and EFT Update canbe accessed viaSingle Sign-Onby selecting the link located under NSF FastLane Services
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Cash Request
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Cash Request History
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FFR Attachment
The columns outlined in orange are updated by the grantee. The cumulative amount reported cannot exceed the Total Federal Funds Authorized.
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FFR Adjustments to Financially Closed Awards
Enter the NSF Award ID, New Cumulative Amount, and a Justification in order to increase or decrease previously reported expenditures.
Adjustments of less than ± $300 are not accepted.
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FFR Certification (Preparer)
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Users also have the option to print the full report to PDF from the Certification page
The FFR preparer will forward the report to the FFR certifier for certification once it has been completed by selecting
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FFR Certification (Certifier)
The FFR certifier will be notified via email once the FFR preparer has forwarded the report. The FFR certifier will then need to review and approve the submission.
Certify the data by checking the box next to I Certify, and select the Save and Submit to NSF button.
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Award Payment Process
A new approach:Award Cash
Management $ystem
• Cash pooling• Award level detail P
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The New Approach
• The Award Cash Management System (ACM$) will be based on awardees providing award level detail at the time of the payment request.
– Enhance access to award financial data
– Eliminate the need for the quarterly Federal Financial Report
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Decision Drivers
• Increased focus on transparency and accountability• Congress, OMB and other stakeholders are requiring
information faster• OMB is developing standardized reporting
requirements
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Comparison
FastLane(Pooling Payment Request)
1. Institutional level records2. Payment requests provide
total of all institutional grant fund needs
3. Quarterly reconciliation4. Distribution of payment
received may not match records that produced the payment request
ACM$(Award Level Detail Payment Request)
1. Award level records 2. Payment requests provide
detail that matches awardee records
3. Real-time reconciliation4. Payment file detail can be
used to eliminate distribution discrepancies
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ACM$: Transition Model
• NSF is currently in the design and development phase
• Target implementation date: 2013• Timeline selected to minimize interference
with awardee fiscal year end tasks• Reconciliation process:– Insure all awardee balances match NSF award
balances – Bring Cash on Hand (COH) balances to zero ($0) at
the award level and institution level
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Our Vision
• Retain certain “Current” system benefits• Add “New” benefits• Implement multiple input options:– Manual Web Entry
appropriate for smaller organizations
– Excel Spreadsheet Download/Upload Entryappropriate for medium and large sized organizations
– Bulk XML Data File Uploadappropriate for those large organizations who desire further automation
• Complete system pilot and reconciliation
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Post ImplementationFFR Reconciliation
Standard FFR•Due 10/30/2012
Cash Shutdown Reconciliation FFR•Due 01/31/2013
System Implementation•Institutions will be given access to the new system when they have:•Completed filing their 12/31/2012 FFR (due by 01/31/2013)
•A $0 COH from the pooling method
Completion of Reconciliation Process•Reconciliation will occur post implementation
09/30/2012 12/24/2012 12/31/2012 01/02/2013 TBD
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Communication/Training Plans
• Communication Plan– Phase I: Targeted Outreach/Collect Feedback– Phase II: General Outreach/Mass Communication– Phase III: Reconciliation/Getting Started Guides/
General Preparation for Transition• Training Plan– Pilot Group: Reconciliation/Pilot Implementation– Webinars: Live/Recorded– Online Help/Additional Training Documents
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Preparing for the Change
• What can you do now to prepare?–Reconcile the Cash on Hand (COH) balance
reported on your quarterly FFR to the COH balance on your financial records• Identify any manual reconciliation items
– Submit FFR each quarter by the due date–Bring operating COH balances as close to
zero as possible
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Cash on Hand Reconciliations
• Common issues institutions have:– Refunds credited to canceled appropriations don’t appear on
the FFR – this becomes a manual reconciliation item– Lingering difference that lasts until the final award expires
leaving a balance at the end with no active awards– Reported expenditure or cash
draw errors that are notcaught during the institution reconciliations
– Crediting refund errors– Tax debt offset credit
withholdings either to/from NSF
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ACM$ Use Case Demonstration
Disclaimer:The information and screen designs presented in the following use case scenario(s) represent preliminary designs and should not be considered final. This demo is intended for informational purposes only.
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Awardee Organization Summary
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Submit New Transaction:Payment Request (Open Awards)
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Submit New Transaction:Adjustment Request (Closed Award)
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Submit New Transaction:Adjustment Request (Closed Award)
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Submit New Transaction:Certifier Review
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Reconciliation:Award Amendment Details
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Items to RememberUntil Implementation
• Single-Sign On technology implemented 06/03/2011
• As of January 2012, all financial functions** are only accessible through Research.gov. In addition to the quarterly FFR, these functions include:– Cash Requests– EFT Update
**Note: The non-FFR functions will still operate in a FastLane environment accessible via link from Research.gov
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ARRA Update
• OMB Memo M-11-34– What does the memo require?• Accelerate Spending–By 09/30/2013
• Reclaim Unspent Funds– Exceptions?• Limited Waivers
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ARRA Expenditure Projections
FY 09 Q4 FY 10 Q2 FY 10 Q4 FY 11 Q2 FY 11 Q4 FY 12 Q2 FY 13 Q4 FY 14 Q2 FY 14 Q4 $-
$500,000,000
$1,000,000,000
$1,500,000,000
$2,000,000,000
$2,500,000,000
$3,000,000,000
9/30/13
ARRA Appropriation
~$1 Billion
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ARRA Update: OMB M-11-34
• NSF Implementation Strategy– Interagency Coordination– Aggressive Stratification– Waiver Application– Award Modifications– Aggressive Communication
• What YOU need to know?
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Canceling Appropriations
Public Law 101-510 requires that all federal agencies financially close fixed year appropriation accounts and cancel any remaining balances by September 30th of the 5th year after the period of availability.
How does this affect you?
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Contact Information
• Mike Howe (Section Head)[email protected] or (703) 292-8285
• Dorothy [email protected] or (703) 292-4440
• Ilene [email protected] or (703) 292-8334
• Karen [email protected] or (703) 292-2411
• Justin [email protected] or (703) 292-4663
• Denise [email protected] or (703) 292-8293
• Alisha [email protected] or (703) 292-4539
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Additional Information
Additional information can be found at http://www.nsf.gov/bfa/dfm/cmeab.jsp