Grant Management:

Benefits and Burdens of Increasing NSF Financial Reporting Requirements

RCED-92-201BR: Published: Jul 13, 1992. Publicly Released: Jul 28, 1992.

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO provided information on the National Science Foundation's (NSF) financial management, focusing on: (1) present financial reporting requirements; (2) whether grant funds are being shifted between budget categories appropriately; and (3) increasing financial reporting requirements.

GAO found that NSF: (1) complies with federal guidelines for financial reporting; (2) relies on federal cost principles and federal audit requirements for funding oversight; (3) delegates authority to grantees to rebudget funds between budget categories; (4) often shifts small amounts of funds between budget categories; (5) program officials believe that shifts are allowable because grantees appropriately use funds and research results are satisfactory; (6) program officials believe increased financial reporting to be burdensome for both NSF and its grantees; and (7) believes that increased reporting of financial data does not significantly improve grant administration.

Jul 30, 2014

Jul 9, 2014

Jun 19, 2014

May 30, 2014

May 15, 2014

May 13, 2014

May 12, 2014

May 2, 2014

Mar 27, 2014

Looking for more? Browse all our products here