View Information Collection Request (ICR) Package

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View ICR - OIRA Conclusion

OMB Control No: 3245-0188	ICR Reference No: 202405-3245-004
Status: Active	Previous ICR Reference No: 202111-3245-002
Agency/Subagency: SBA	Agency Tracking No:
Title: Personal Financial Statement
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 08/20/2024
	Date Received in OIRA: 05/30/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2027	36 Months From Approved	08/31/2024
Responses	134,921	0	241,934
Time Burden (Hours)	202,382	0	361,640
Cost Burden (Dollars)	6,071,445	0	9,760,319

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	134,921	241,934	-107,013
Annual Time Burden (Hours)	202,382	361,640	-159,258
Annual Cost Burden (Dollars)	6,071,445	9,760,319	-3,688,874

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

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

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The decrease in the hour burden for respondents is due to recent data obtain in 2024 reporting indicating fewer respondents in 7(a), SBG, and 8(a) BD programs.

Annual Cost to Federal Government: $1,577,868

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. No

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. No

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: Mary Frias 202 401-8234 mary.frias@sba.gov

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