Crowe Horwath Offers Stimulus Spending Tracker

Accounting firm Crowe Horwath has created a Web-based system to help state and local agencies that receive federal funding from the economic stimulus package comply with the complex reporting requirements.

The American Recovery and Reinvestment Act of 2009 requires reports from direct recipients of federal ARRA funds and their sub-recipients within 10 days of the end of the quarter.

Crowe’s Award Monitoring and Reporting is a Web-based system that serves as a centralized database where prime recipients, such as state and local agencies, 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 e-mail 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 e-mail reminders, review summarized response data, keep track of changes and generate reports in required formats.

For more information, visit www.crowehorwath.com/amr.

For reprint and licensing requests for this article, click here.
Tax practice Finance Regulatory actions and programs
MORE FROM ACCOUNTING TODAY