HHS Financial Policy Library
HHS financial policies and guidance covers many topical areas, much of which are provided through Office of Management and Budget (OMB) circulars. Below you will find links to those sites and to HHS financial guidance.
Topics on this page:
Administrative Requirements
- OMB Circular A-102: Grants and Cooperative Agreements with State and Local Governments
- OMB Circular A-110: Uniform Administrative Requirements for Grants and Agreements with Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations
Audit Guidance
- HHS Audit Reports Over 1 Year Old With Outstanding Balances To Be Collected As of September 30, 2011
- HHS Audit Reports Over 1 Year Old With Outstanding Balances To Be Collected As of September 30, 2010
- HHS Audit Reports Over 1 Year Old With Outstanding Balances To Be Collected As of September 30, 2009
- HHS Audit Reports Over 1 Year Old With Outstanding Balances To Be Collected As of September 30, 2008
- Federal Audit Clearinghouse
- OMB Circular A-50 (Revised): Audit Follow-up
- Bureau of Indian Affairs, Department of Interior - Title 25 -- Indians -- Part 276: Uniform Administrative Requirements for Grants
Cash Management
- Cash Management Improvement Act (CMIA) (Treasury)
The Cash Management Improvement Act governs the transfer of funds between the Federal Government and States for certain Federal assistance programs. - Prompt Payment (Treasury)
The Prompt Pay Act requires Executive Departments and Agencies to pay commercial obligations within certain time periods and to pay interest penalties when payments are late.- Policy Memorandum: Providing Prompt Payment to Small Business Subcontractors
- Memorandum: Class Deviation from the Federal Acquisition Regulation (FAR) to Implement Office of Management and Budget (OMB) Policy Memorandum M-12-16, Providing Prompt Payment to Small Business Subcontractors* (GSA, PDF – 4 pages)
- Memorandum: Class Deviation—Providing Accelerated Payment to Small Business Subcontractors
*NOTE: Persons using assistive technology may not be able to fully access information in the file above. For assistance, contact the GSA Office of Governmentwide Policy.
Debt Collection Interest Rates
The Code of Federal Regulations (45 CFR Part 30) Claims Collection Section 30.18 entitled "Interest, penalties, and administrative costs" contains the basis for the Secretary to determine a higher interest rate than the current value of funds rate for delinquent debt to protect the Governments' interests. Treasury certifies a rate quarterly to the U.S. Public Health Service for delinquencies in the National Research Services Awards (NIH) 42 USC 288(c)(4) (B) and the National Health Services Corps Scholarship Program (HRSA) 42 USC 250 (B)(1)(A).
The Treasury utilizes the most comprehensive data available on consumer interest rates which is based on consumer lending rates obtained from the Federal Reserve Board's release entitled "Interest Rates on Selected Consumer Installment Loans at Reporting Commercial Banks" rounded to the nearest 1/8 of one percentage point to determine the certified quarterly rate. The Department of Health and Human Services (HHS) utilizes this rate to charge interest for delinquent debts as authorized by HHS regulations.
HHS begins applying the Treasury "certified quarterly" interest rate on the day that HHS becomes entitled to recover funds. Upon receipt of Treasury's notification, HHS publishes the rate in the Federal Register. This rate is certified by Treasury near the end of a quarter or later. HHS applies that interest rate from the date the notification is published in the Federal Register.
Financial Management Regulations and Policies
- Federal Accounting Standards Advisory Board (FASAB) Statements of Federal Financial Accounting Concepts and Standards (as amended June 30, 2009)
- Treasury Financial Manual, Volume 1, Federal Agencies
- U.S. Standard General Ledger, FY 2009 and FY 2010 Reporting (August 2009)
- OMB Circular A-11: Preparation, Submission, and Execution of the Budget (revised March 2010)
- OMB Circular A-123: Management Accountability and Control (2004)
- Implementation Guide for OMB Circular A-123, Management’s Responsibility for Internal Control Appendix A, Internal Control over Financial Reporting (July 2005)
- OMB Circular A-123, Appendix B: Improving the Management of Government Charge Card Programs (2009)
- OMB Circular A-123, Appendix C, Requirements for Effective Measurement and Remediation of Improper Payments (August 2006)
- OMB Circular A-127: Financial Management Systems (2009)
- OMB Circular A-134: Financial Accounting Principles and Standards (1993)
- OMB Circular A-136: Financial Reporting Requirements (09/29/2010)
Financial and Performance Reports
- Agency Financial Reports
- Archived Reports include:
- Financial Management Five Year Plans (FY 2000-04)
- Federal Managers’ Financial Integrity Act (FMFIA) (FY 2000-04)
- Federal Financial Management Improvement Act Reports (FFMIA) (FY 2000-04)
- Performance and Accountability Reports (FY 2000-06)
- Prompt Pay Statistics (FY 2000-04)
Related Financial Legislation
- U.S. Code (GPO) - Search all legislation.
- Code of Federal Regulations (GPO/NARA)
- Accountability of Tax Dollars Act of 2002 (ATDA) (P.L. 107-289) (PDF)
- Budget Enforcement Act of 1990 (P.L. 101-508)
- Chief Financial Officers Act of 1990 (CFO Act) (P.L. 101-576)
- Debt Collection Improvement Act of 1996 (P.L. 104-134)
- Federal Financial Assistance Management Improvement Act of 1999 (FFAMIA) (P.L. 106-107)
- Federal Financial Management Improvement Act of 1996 (FFMIA) (P.L. 104-208)
- Federal Managers’ Financial Integrity Act of 1982 (FMFIA) (P.L. 97-255)
- Government Management Reform Act of 1994 (GMRA) (P.L. 103-356)
- Government Performance and Results Act of 1993 (GPRA)
- Improper Payments Information Act of 2002 (IPIA) (P.L. 107-300)
- Information Technology Management Reform Act of 1996 (Clinger-Cohen Act) (P.L. 104-106)
- Paperwork Reduction Act of 1995
- Reports Consolidation Act of 2000 (P.L. 106-531)
- American Recovery and Reinvestment Act of 2009 (P.L. 111-5)
- Federal Funding Accountability and Transparency Act of 2006 (P.L. 109-282)
- Pre-Regulatory Model Guidelines Under Section 1303 of the Affordable Care Act [PDF - 5.1MB]
Memorandum: Pre-Regulatory Model Guidelines Under Section 1303 of the Affordable Care Act
Last Updated: 07/09/2010