vi£D sr^ U.S. Environmental Protection Agency 10-R-0151 s? T> ~-r June 22,2010 I® I X *1 PRO"*^ 0* U ¦ O • L. I I V11 Ul IIIICI I Lul a I UlCvl \ Office of Inspector General At a Glance Catalyst for Improving the Environment\ Why We Did This Review We performed this review to determine whether (1) the U.S. Environmental Protection Agency's (EPA's) financial reporting for the American Recovery and Reinvestment Act of 2009 complied with Office of Management and Budget (OMB) guidance and Recovery Act requirements; (2) the amounts EPA reported to OMB reconciled to EPA's financial system; and (3) EPA submitted the reports in a timely manner. Background The Recovery Act provided EPA with $7.22 billion for specific programs. OMB issued guidance on how federal agencies should manage and report on Recovery Act activities. OMB's guidance requires EPA to report, on a weekly basis, the cumulative Recovery Act funds obligated and expended. OMB provides for Recovery Act funds transparency and accountability by requiring that EPA's reports be posted on the Internet for public access. EPA Submitted Accurate and Timely Recovery Act Financial Reports What We Found EPA complied with OMB guidance and Recovery Act requirements in its weekly financial activity reporting. EPA submitted accurate and timely financial reports. EPA ensured its financial reporting was transparent to the public by posting data to the EPA Recovery Act Website and submitting data to the Recovery and Accountability Transparency Board for posting to the government-wide Website. Our review assures EPA and the public that EPA's weekly Recovery Act financial activity reports are accurate, timely, and transparent. For further information, contact our Office of Congressional, Public Affairs and Management at (202) 566-2391. To view the full report, click on the following link: www.epa.qov/oiq/reports/2010/ 20100622-10-R-0151.pdf ------- |