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.

Mar 27, 2014

Mar 13, 2014

Mar 12, 2014

Feb 27, 2014

Dec 23, 2013

Dec 16, 2013

Dec 12, 2013

Dec 11, 2013

Looking for more? Browse all our products here