What is Subaward?
Under 2 CFR 200.92, the Uniform Guidance, Subaward means an award provided by a pass-through entity to a subrecipient for the subrecipient to carry out part of a Federal award received by the pass-through entity.
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 are FFATA requirements?
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 the difference between a Subaward and a subcontract?
A subaward is “under” the main grant award; the grant recipient receives the funds and passes them through to the subrecipient. A contractor provides goods or services to the grant recipient, and a subcontractor provides goods or services to the contractor. To avoid confusion, don’t misuse the terms.
What is Subaward management?
A subaward is an enforceable agreement, issued under a prime sponsored project, between a pass-through entity and a subrecipient for the performance of a substantive portion of the program; these terms do NOT apply to the procurement of goods or services from a contractor (vendor).
What is FSRS reporting?
The FFATA Subaward Reporting System (FSRS) is the reporting tool Federal prime awardees (i.e. prime contractors and prime grants recipients) use to capture and report subaward and executive compensation data regarding their first-tier subawards to meet the FFATA reporting requirements.
Does Ffata apply to contracts?
The Federal Funding Accountability and Transparency Act (FFATA) requires all recipients of federal awards to report purchases of $25,000 and greater under federal contracts.
Is Ffata reporting still required?
FFATA (Federal Funding Accountability and Transparency Act) reporting is required by all prime awardees that enter into subawards for $25,000 or greater. The purpose of this reporting is to provide a single searchable website that contains information on all Federal awards.
What Ffata reporting?
Can an individual be a Subaward?
Subaward, if any of the following are true: An individual cannot be a Subrecipient because: o Individuals are not legal entities o The federal government grants funds to an organization; it does not fund individuals o The knowledge of an individual is considered personal.
What is a Subaward contract?
A subaward is a legally binding agreement issued when a substantive portion of the sponsored project will be performed by another entity.
What do you need to know about a subaward?
To enable grantees to collaborate with other organizations on grant-supported research. Grantees must establish a subaward, or consortium agreement, with any outside organization that performs any of their grant-supported research activities. Normal grant purchases and fee-for-service arrangements are not considered subawards.
What are the requirements for a subaward for a grant?
Each subaward must have a formal written agreement for meeting the scientific, administrative, financial, and reporting requirements of a grant. In every agreement, the grantee must have a substantive role in the project.
What are the terms of a NIH subaward agreement?
In every agreement, the grantee must have a substantive role in the project. NIH holds grantees accountable for their subawardees’ research, spending, and reporting actions, which must conform to all terms and conditions of a grant award. Subaward organizations may receive funds only from the grantee.
Can a subaward organization receive funds from another organization?
Subaward organizations may receive funds only from the grantee. Subawardees cannot use funds from the grantee to form their own subaward agreements with other organizations—no third party or third tier subawards are allowed.
