Recipients Report for the Sixth Time
On January 14, 2011, recipients of Recovery Act contracts, grants, and loans completed reporting for the period October 1 through December 31, 2010. From January 14 through the 29th, federal agencies and recipients reviewed the reports and recipients made changes and corrections. On January 30, the Recovery Board posted the recipient data on Recovery.gov — the sixth quarter that the data has been successfully collected and published in compliance with the Recovery Act. There are 10 more reporting quarters prior to the Board’s scheduled expiration in September 2013.
The quarterly reporting cycle is unique in a number of ways. First, it allows the data to be available on Recovery.gov in almost real time, providing an unprecedented level of transparency. The reports provide detailed information on the expenditures of federal stimulus dollars and jobs funded under the program. Finally, there has been a high rate of reporting compliance because the data is posted publicly and in a timely fashion.
Looking forward, the Recovery Board is evaluating ways to extend its recipient reporting model and the technologies developed for reporting to other federal spending programs.