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Subaward Risk Assessments & Federal Funding Accountability and Transparency Act (FFATA)

GMUN General Meeting September 2010 . Subaward Risk Assessments & Federal Funding Accountability and Transparency Act (FFATA) . Risk Assessment (Handout). FFATA Purpose. Allow the tax-paying public to understand where federal dollars are being spent (including research funding)

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Subaward Risk Assessments & Federal Funding Accountability and Transparency Act (FFATA)

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  1. GMUN General Meeting September 2010 Subaward Risk Assessments & Federal Funding Accountability and Transparency Act (FFATA)

  2. Risk Assessment (Handout)

  3. FFATA Purpose • Allow the tax-paying public to understand where federal dollars are being spent (including research funding) • Agencies submit data on federal awards • Institutions report federally-funded subawards • Public receives an on-line searchable database displaying funding received by a recipient • USASpending.Gov

  4. Awards Subject to FFATA • All federal contracts over $20M (July 8, 2010) • All federal contracts over $550M (October 1, 2010) • All federal contracts over $25K (March 1, 2011) • All new grants and cooperative agreements (October 1, 2010 and thereafter) • Renewals and continuations are excluded (award must include a new “Federal Award Id Number- FAIN) • ARRA awards are excluded • Awards are expected to include a term and condition invoking FFATA

  5. What Must be Reported • Contracts • Subawards and vendor transactions over $25K • Grants and Coop Agreements • Subawards over $25K • Incrementally funded subawards must be reported with funding awarded reaches $25K • Each modification thereafter must also be reported

  6. When Must Reporting Occur • By the end of the month following the month the subaward is fully-executed • E.g. subaward executed 10/3/10 must be reported by 11/30/10 • Practically, this means that SPA must obtain information from subrecipients before the subaward is executed

  7. Who Reports What Where? • SPA reports into a new government system called FSRS (FFATA Subaward Reporting System) • Data can be entered: • Manually • Batch upload via Excel (probably what we will pick) • Agencies will pre-populate awards • May or may not be helpful!

  8. What Data Does SPA have to Collect? • Subaward execution month/year • Subrecipient DUNS+4 • Subrecipient Name • Subrecipient DBA Name • Subrecipient Address • Subrecipient Congressional District • Subrecipient Parent DUNS • Subaward Amount • Subaward Obligation/Action Date • Subrecipient Primary Place of Performance Address • Subrecipient Primary Place of Performance Congressional District • Subaward Number Assigned by Prime Awardee • Subrecipient Executive Compensation Eligibility • Subrecipient Executive Compensation Prior Reporting • Subrecipient Names and Compensation of 5 Most Highly Compensated Officers (if required by answers to previous two questions) • Subaward Project Description (award title and description of the purpose of each funding action, and the overall purpose of the award)

  9. How will SPA Collect This? • Now: Updated version of old FFATA form at time of subaward issuance • Later: Collect it on FDP Subaward template • Departments need to get involved only if there is a problem getting data from subrecipient Burden: Unknown, but we have more than 800 federally-funded active subawards at this time

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