Fiscal Transparency Innovation Fund
To help governments to improve budget transparency and to support civil society organizations promoting fiscal transparency. This listing should not be used and will be retired once all funds have expired.
General information about this opportunity
Last Known Status
Active
Program Number
19.662
Federal Agency/Office
Bureau of Economic and Business Affairs, Department of State
Type(s) of Assistance Offered
A - Formula Grants
Program Accomplishments
Not applicable.
Authorization
Foreign Assistance Act of 1961, 87-195, 75, US Code 22 USC 2151
Who is eligible to apply/benefit from this assistance?
Applicant Eligibility
For specific information, please see announcement on www.Grants.gov
Beneficiary Eligibility
For specific information, please see announcement on www.Grants.gov
Credentials/Documentation
For specific information, please see announcement on www.Grants.gov
What is the process for applying and being award this assistance?
Pre-Application Procedure
Preapplication coordination is not applicable.
Application Procedure
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. For specific information, please see announcement on www.Grants.gov
Award Procedure
For specific information, please see announcement on www.Grants.gov
Deadlines
For specific information, please see announcement on www.Grants.gov
Approval/Disapproval Decision Time
From 90 to 120 days. As determined by offices and overseas posts. For specific information, please see announcement on www.Grants.gov
Appeals
Not applicable.
Renewals
Based on program needs and availability of funding. For specific information, please see announcement on www.Grants.gov
How are proposals selected?
For specific information, please see announcement on www.Grants.gov
How may assistance be used?
For specific information, please see announcement on www.Grants.gov
What are the requirements after being awarded this opportunity?
Reporting
Not applicable.
Auditing
In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, nonfederal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503
Records
Per OMB Regulations, all records should be kept for three years, beginning from expiration date of the award.
Other Assistance Considerations
Formula and Matching Requirements
Statutory formula is not applicable to this assistance listing.
Matching requirements are not applicable to this assistance listing.
MOE requirements are not applicable to this assistance listing.
Length and Time Phasing of Assistance
For specific information, please see announcement on www.Grants.gov For specific information, please see announcement on www.Grants.gov
Who do I contact about this opportunity?
Regional or Local Office
None/Not specified.
Headquarters Office
Mark Simeone
Department of State
Bureau of Economic and Business Affairs, Office of Monetary Affairs (EB/OMA)
Washington, DC 20520 USA
fiscaltransparency@state.gov
Phone: 202.736.4008
Website Address
https://www.state.gov/fiscal-transparency-innovation-fund/
Financial Information
Account Identification
19-3401-1-3-003
Obligations
(Formula Grants) FY 22 FY 23 FY 24 Estimate Not Available FY 20$4,000,000.00; FY 21 est $5,000,000.00; FY 18$4,500,000.00; FY 19 est $4,499,999.00; -
Range and Average of Financial Assistance
For specific information, please see announcements on www.Grants.gov.
Regulations, Guidelines and Literature
Statutory formula is not applicable to this assistance listing. Matching requirements are not applicable to this assistance listing. MOE requirements are not applicable to this assistance listing.
Examples of Funded Projects
Fiscal Year 2018 Develop an online Fiscal Transparency Portal to increase and facilitate public involvement in transparent planning and monitoring of national budgeting and expenditure process. Improve civil society’s ability to advocate for transparent use of public resources and analysis of available data, and increase support to investigative journalism and information dissemination. Strengthen the National Audit Office’s monitoring and evaluation office to provide better documentation and analysis of audit queries.
Fiscal Year 2019 Facilitate pro-transparency legislative reforms and increase the public’s ability to monitor government and debt practices effectively. Provide debt and cash management technical assistance to the Ministry of Finance. Develop the forensic auditing capacity of the supreme audit institution.
Fiscal Year 2021 1) Build public financial management capacity and strengthen financial management policies; 2) Facilitate pro-transparency legislative reforms at the local and national level; 3) Construct innovative tools for the public dissemination of budget documents; 4) Strengthen collaboration between government officials and civil society leaders and promote public participation in the budget process; 5) Empower civil society and media to monitor public funds and hold governments accountable for expenditures and public debt; 6) Fund other innovative approaches to advance fiscal transparency