Accounting Directive 200901 v1 03-12-09
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Accounting Directive Reference:
American Recovery and
Reinvestment Act (ARRA)
Issue Date and Version:
03/12/2009 – v1
This Accounting Directive applies to all agencies, departments, commissions, courts, councils,
boards, universities, colleges, retirement funds, authorities, associations, foundations, and other
organizations for which financial information is reported in the State of Georgia Comprehensive
Annual Financial Report (CAFR), and/or for which expenditures of Federal awards are reported
in the State’s Single Audit Report.
The American Recovery and Reinvestment Act of 2009 (ARRA) was signed into law on
February 17, 2009, advancing an ambitious plan to revitalize the nation’s economy. Recipients
of funds under the ARRA are subject to quarterly reporting requirements and oversight by
Federal agency inspectors. The Government Accountability Office has selected Georgia as one
of the targeted states in which it will conduct its oversight activities. State activities will be
subjected to extensive public scrutiny and will have to meet very high standards with respect to
transparency and accountability.
Each State organization is responsible for maintaining financial and other information in order to
facilitate Federal reporting as required by the ARRA, for reporting in conformity with existing
Federal agency and program reporting requirements, for compliance with any additional
reporting requirements that may be issued by the Federal government relating to specific grant
awards, and for reporting to the executive management of the State.
The management of each State organization is responsible for establishing and maintaining
effective internal controls over compliance with applicable laws, regulations, contracts and
grants, as well as those controls over financial reporting.
Required Reporting (Federal):
Refer to the