The federal agencies report data in two separate cadences:
Monthly Reporting on Award Data (Contracts, Grants, Loans, Other Financial Assistance).
Some agencies report frequently during a month; others may report once, or even less frequently if they don’t issue awards on a monthly basis. Reporting this data was required by the Federal Funding Accountability and Transparency Act of 2006.
- Contract data is reported to the Federal Procurement Data System, FPDS-NG, and is pulled into USAspending nightly. However, depending on timing, the data may not be reflected on USAspending.gov for two days.
- Grant, Loan, and Other Financial Assistance data is reported to the Data Act Broker, managed by Treasury, and is pulled into USAspending.gov nightly.
Quarterly Reporting on Financial Data
As required by the Digital Accountability and Transparency Act of 2014, federal agencies are required to report quarterly on financial spending data, including appropriations account data with program activity and object class information.
Agencies start reporting 30 days after the close of the quarter and continue reporting until the 15th of the month. The data is then displayed on USAspending.gov 45 days after the close of the quarter or as soon as the agency’s Senior Accountable Official certifies the data.
For example, Quarter 4 ends on September 30; reporting begins on November 1 and ends on November 14; the data will then be displayed on USAspending.gov on November 15.