View Information Collection Request (ICR) Package

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View ICR - OIRA Conclusion

OMB Control No: 1559-0036	ICR Reference No: 202104-1559-001
Status: Historical Active	Previous ICR Reference No: 201706-1559-001
Agency/Subagency: TREAS/CDFIF	Agency Tracking No:
Title: Capital Magnet Fund Application and Annual Report Forms
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/02/2021
	Date Received in OIRA: 04/30/2021
Terms of Clearance: The next submission under this OMB control number should include an evaluation by CDFI Fund of the technical feasibility to allow for additional "bulk" data uploads and enhanced ability to "clone" existing records in order to create Project records without creating duplicate records.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2024	36 Months From Approved	07/31/2021
Responses	428	0	255
Time Burden (Hours)	22,260	0	22,200
Cost Burden (Dollars)	0	0	1,286,892

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion	Change Due to Adjustment in Estimate
Annual Number of Responses	428	255	0	173
Annual Time Burden (Hours)	22,260	22,200	-3,080	3,140
Annual Cost Burden (Dollars)	0	1,286,892	0	-1,286,892

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimate of burden hours for FY 2021-2023 Applications of 16,440 hours is similar, but slightly lower, when compared to the previous total Application burden hours for the FY2017 application (20,000 hours). This primarily reflects a lower estimate of groups applying for funding (137 v. 200) and slightly higher burden hours (120 v. 100). The estimate of burden hours for the FY 2021-2023 Annually Report is somewhat increased from the prior estimate of 2,200 hours, based primarily on a significant increase in the number of reports expected to be filed annually (291 v. 55). This was offset partially by elimination of certain data points which lowered the burden per response from 40 hours to 20. Labor costs which had been erroneously included in ROCIS as Annual Cost Burden previously have been removed. There are no out-of-pocket (non-labor) costs connected with this collection.

Annual Cost to Federal Government: $2,150,980

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: Dan Aiello 202 653-0401 aiellod@cdfi.treas.gov

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