What is a first-tier Subaward?
First-tier subawards. This requirement kicks in when you make any subaward obligation equal to or greater than $25,000. You must file a report in the Federal Funding Accountability and Transparency Act Subaward Reporting System (FSRS) no later than the end of the following month.
What is the Ffata threshold?
FFATA requires most recipients of new Federal funds awarded on or after October 1, 2010 to report on subawards/subcontracts/consortiums equal to or greater than $25,000. This includes awards that are initially below $25,000 but subsequent grant modifications result in an award equal to or greater than $25,000.
What is a Subaward agreement?
A subaward is an agreement with a third-party organization performing a portion of a funded research project or program. The terms of the relationship (subgrant/subcontract) are influenced by the prime agreement, and all subawards must be monitored to ensure that the subrecipient complies with these terms.
What does Ffata stand for?
Federal Funding Accountability and Transparency Act
◉ The Federal Funding Accountability and Transparency Act (FFATA) of 2006 (Public Law 109-282) requires for each Federal award of $25,000 or more that OMB create a searchable, no-cost, publicly accessible website (http://usaspending.gov/) that includes basic information about the recipient and the project being funded.
Who is exempt from Ffata?
In addition to the above exceptions, under the Federal Acquisition Regulations (FAR) (applicable to federal contracts), prime contractors and subcontractors who had a gross income in the previous tax year under $300,000 are exempt from FFATA reporting.
What is the definition of a subrecipient?
Subrecipient means a non‐Federal entity that receives a subaward from a pass‐through entity to carry out part of a Federal program; but does not include an individual that is a beneficiary of such program. A subrecipient may also be a recipient of other Federal awards directly from a Federal awarding agency.
Can a subrecipient issue a Subaward?
Subawards under any funding source must submit a Subrecipient Determination Form (“SDF”) at the time of the COEUS proposal upload during grant application. Each time a new Subsite is identified on an application, the PI must submit a Subrecipient Determination form to ORA for verification.
Do Subrecipients need to register in Sam?
Subrecipients are not required to obtain an active SAM registration, but must obtain a Unique Entity Identifier.
What is the difference between a contractor and a subrecipient?
A contractor is defined as an entity that receives a contract. A subrecipient is defined as a non-federal entity that receives a subaward from a pass-through entity to carry out part of a federal program, but does not include an individual that is a beneficiary of such a program.
When do you have to report the names of first-tier subrecipients?
Unless you are exempt as provided in paragraph d. of this award term, for each first-tier subrecipient under this award, you shall report the names and total compensation of each of the subrecipient’s five most highly compensated executives for the subrecipient’s preceding completed fiscal year, if—
What does it mean to be a subrecipient?
( a) Subrecipients. A subaward is for the purpose of carrying out a portion of a Federal award and creates a Federal assistance relationship with the subrecipient. See definition for Subaward in § 200.1 of this part. Characteristics which support the classification of the non-Federal entity as a subrecipient include when the non-Federal entity:
When does a non-federal entity become a subrecipient?
See definition for Subaward in § 200.1 of this part. Characteristics which support the classification of the non-Federal entity as a subrecipient include when the non-Federal entity: ( 1) Determines who is eligible to receive what Federal assistance;
What is a subrecipient and contractor determinations?
2 CFR § 200.331 – Subrecipient and contractor determinations. § 200.331 Subrecipient and contractor determinations. The non-Federal entity may concurrently receive Federal awards as a recipient, a subrecipient, and a contractor, depending on the substance of its agreements with Federal awarding agencies and pass-through entities.