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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

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Audit Guidance

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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.
    • 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)

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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.

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Financial Management Regulations and Policies

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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)

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Related Financial Legislation

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Last Updated: 11//19/2013